Shares of Anglo American plc (LON:AAL – Get Free Report) 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.
View Our Latest Research Report on AAL
Anglo American Stock Down 0.7 %
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.
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