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

Shares of Anglo American plc (LON:AAL) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,715 ($35.25).

AAL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Anglo American from GBX 2,735 ($35.51) to GBX 2,590 ($33.63) and set an “overweight” rating for the company in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Anglo American from GBX 2,900 ($37.65) to GBX 2,700 ($35.06) and set a “buy” rating on the stock in a research report on Monday, September 9th. Bank of America reaffirmed a “buy” rating and set a GBX 3,100 ($40.25) price objective on shares of Anglo American in a research report on Wednesday, June 26th. Finally, Berenberg Bank reissued a “sell” rating and issued a GBX 2,100 ($27.27) target price on shares of Anglo American in a report on Friday, July 26th.

Anglo American Stock Down 0.7 %

Shares of Anglo American stock opened at GBX 2,362.50 ($30.67) on Tuesday. The business has a 50-day moving average price of GBX 2,235.69 and a 200 day moving average price of GBX 2,340.78. Anglo American has a fifty-two week low of GBX 1,630 ($21.16) and a fifty-two week high of GBX 2,813 ($36.52). The firm has a market cap of £28.59 billion, a P/E ratio of -2,271.63, a P/E/G ratio of 2.05 and a beta of 1.10. 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 business 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 represents a yield of 1.46%. The ex-dividend date was Thursday, August 15th. This is a positive change from Anglo American’s previous dividend of $0.41. Anglo American’s dividend payout ratio is currently -6,250.00%.

Insiders Place Their Bets

In other news, insider Marcelo Bastos acquired 1,200 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of GBX 2,131 ($27.67) per share, with a total value of £25,572 ($33,201.77). In the last three months, insiders have purchased 1,214 shares of company stock worth $2,587,244. 9.78% of the stock is owned by corporate insiders.

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.