Anglo American plc (LON:AAL – Get Free Report) traded up 6.6% during mid-day trading on Tuesday . The company traded as high as GBX 2,298 ($30.77) and last traded at GBX 2,263.50 ($30.31). 3,909,935 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 6,913,702 shares. The stock had previously closed at GBX 2,122.50 ($28.42).
Wall Street Analysts Forecast Growth
AAL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Anglo American from GBX 2,900 ($38.83) to GBX 2,700 ($36.15) and set a “buy” rating for the company in a research note on Monday, September 9th. Citigroup restated a “buy” rating and set a GBX 3,000 ($40.17) price objective on shares of Anglo American in a report on Friday, May 31st. JPMorgan Chase & Co. decreased their target price on shares of Anglo American from GBX 2,735 ($36.62) to GBX 2,590 ($34.68) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Bank of America reaffirmed a “buy” rating and issued a GBX 3,100 ($41.51) price target on shares of Anglo American in a research report on Wednesday, June 26th. Finally, Berenberg Bank reissued a “sell” rating and set a GBX 2,100 ($28.12) price objective on shares of Anglo American in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,715 ($36.36).
Read Our Latest Analysis on Anglo American
Anglo American Price Performance
Anglo American Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be paid a $0.42 dividend. The ex-dividend date is Thursday, August 15th. This is a positive change from Anglo American’s previous dividend of $0.41. This represents a dividend yield of 1.46%. Anglo American’s payout ratio is presently -6,310.68%.
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.
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