Anglo American plc (LON:AAL) Insider Buys £146.23 in Stock

Anglo American plc (LON:AAL) insider John Heasley bought 7 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of GBX 2,089 ($27.60) per share, for a total transaction of £146.23 ($193.17).

John Heasley also recently made the following trade(s):

• On Wednesday, August 14th, John Heasley acquired 7 shares of Anglo American stock. The stock was bought at an average cost of GBX 2,203 ($29.10) per share, for a total transaction of £154.21 ($203.71).

Anglo American Price Performance

Anglo American stock traded up GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 2,100 ($27.74). 2,869,028 shares of the company traded hands, compared to its average volume of 6,992,929. Anglo American plc has a 1-year low of GBX 1,630 ($21.53) and a 1-year high of GBX 2,813 ($37.16). The firm has a market cap of £25.41 billion, a P/E ratio of -2,066.50, a P/E/G ratio of 1.75 and a beta of 1.10. The firm’s 50-day simple moving average is GBX 2,225.05 and its two-hundred day simple moving average is GBX 2,275.44. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 62.94.

Anglo American Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 15th will be paid a $0.42 dividend. This represents a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.41. Anglo American’s payout ratio is currently -6,407.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAL shares. Deutsche Bank Aktiengesellschaft lowered their target price on Anglo American from GBX 2,900 ($38.31) to GBX 2,700 ($35.67) and set a “buy” rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of Anglo American from GBX 2,735 ($36.13) to GBX 2,590 ($34.21) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Bank of America reissued a “buy” rating and issued a GBX 3,100 ($40.95) target price on shares of Anglo American in a research report on Wednesday, June 26th. Citigroup restated a “buy” rating and set a GBX 3,000 ($39.63) price objective on shares of Anglo American in a research note on Friday, May 31st. Finally, Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($27.74) price target on shares of Anglo American in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($35.87).

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.