Anglo American plc (LON:AAL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Anglo American plc (LON:AAL) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,765 ($35.30).

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Anglo American from GBX 2,735 ($34.92) to GBX 2,590 ($33.07) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($38.30) price objective on shares of Anglo American in a research note on Friday, May 31st. Royal Bank of Canada upped their target price on shares of Anglo American from GBX 2,300 ($29.37) to GBX 3,100 ($39.58) and gave the stock an “outperform” rating in a research note on Monday, May 13th. Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($39.58) price target on shares of Anglo American in a research note on Wednesday, June 26th. Finally, Berenberg Bank reissued a “sell” rating and issued a GBX 2,100 ($26.81) price objective on shares of Anglo American in a research report on Friday, July 26th.

Insider Buying and Selling at Anglo American

In other news, insider Stuart J. Chambers bought 694 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of GBX 2,464 ($31.46) per share, for a total transaction of £17,100.16 ($21,833.71). 9.94% of the stock is currently owned by insiders.

Anglo American Price Performance

Shares of AAL opened at GBX 2,155.50 ($27.52) on Thursday. The company has a market cap of £26.08 billion, a P/E ratio of 12,047.22, a PEG ratio of 2.48 and a beta of 1.22. Anglo American has a fifty-two week low of GBX 1,630 ($20.81) and a fifty-two week high of GBX 2,813 ($35.92). The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49. The firm’s 50 day moving average price is GBX 2,349.29 and its 200 day moving average price is GBX 2,210.87.

Anglo American Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be given a $0.42 dividend. The ex-dividend date is Thursday, August 15th. This is a boost from Anglo American’s previous dividend of $0.41. This represents a yield of 1.46%. Anglo American’s payout ratio is 42,777.78%.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.