Anglo American (LON:AAL) Shares Down 6.7% – Here’s Why

Anglo American plc (LON:AAL)’s share price was down 6.7% on Tuesday . The company traded as low as GBX 2,274 ($29.76) and last traded at GBX 2,281.50 ($29.86). Approximately 3,088,789 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 6,783,884 shares. The stock had previously closed at GBX 2,445 ($32.00).

Analyst Ratings Changes

Several analysts recently issued reports on AAL shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Anglo American from GBX 2,900 ($37.95) to GBX 2,700 ($35.34) and set a “buy” rating for the company in a report on Monday, September 9th. Bank of America reaffirmed a “buy” rating and issued a GBX 3,100 ($40.57) price target on shares of Anglo American in a research report on Wednesday, June 26th. JPMorgan Chase & Co. cut their price objective on Anglo American from GBX 2,735 ($35.79) to GBX 2,590 ($33.90) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($27.48) target price on shares of Anglo American in a report on Friday, July 26th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($35.53).

Anglo American Price Performance

The company has a market cap of £27.59 billion, a P/E ratio of -2,261.27, a P/E/G ratio of 2.29 and a beta of 1.10. The stock has a 50-day simple moving average of GBX 2,228.63 and a 200 day simple moving average of GBX 2,314.93. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98.

Anglo American Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 15th were given a $0.42 dividend. This is a boost from Anglo American’s previous dividend of $0.41. This represents a yield of 1.46%. The ex-dividend date was Thursday, August 15th. Anglo American’s dividend payout ratio (DPR) is -6,372.55%.

Insider Buying and Selling at Anglo American

In related news, insider Marcelo Bastos acquired 1,200 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was bought at an average cost of GBX 2,131 ($27.89) per share, with a total value of £25,572 ($33,466.82). Insiders have acquired 1,214 shares of company stock valued at $2,587,244 in the last 90 days. 9.78% of the stock is currently owned by company insiders.

Anglo American Company Profile

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.