Anglo American plc (LON:AAL)’s share price rose 2.9% during trading on Thursday . The stock traded as high as GBX 1,342 ($18.09) and last traded at GBX 1,331.50 ($17.95). Approximately 7,511,395 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 5,323,050 shares. The stock had previously closed at GBX 1,294 ($17.45).
AAL has been the subject of several analyst reports. HSBC Holdings plc dropped their target price on shares of Anglo American plc from GBX 1,350 ($18.20) to GBX 1,250 ($16.85) and set a “buy” rating for the company in a research report on Friday, July 14th. Canaccord Genuity reiterated a “buy” rating and set a GBX 1,650 ($22.25) price objective on shares of Anglo American plc in a research report on Friday, July 21st. Investec reiterated a “buy” rating and set a GBX 1,385 ($18.67) price objective on shares of Anglo American plc in a research report on Tuesday, July 25th. Barclays PLC lowered their price objective on shares of Anglo American plc from GBX 1,165 ($15.71) to GBX 1,130 ($15.24) and set an “equal weight” rating for the company in a research report on Friday, July 14th. Finally, Jefferies Group LLC lowered their price objective on shares of Anglo American plc from GBX 1,300 ($17.53) to GBX 950 ($12.81) and set a “hold” rating for the company in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,312.81 ($17.70).
The company’s 50 day moving average price is GBX 1,321.36 and its 200-day moving average price is GBX 1,169.00. The stock’s market cap is GBX 17.22 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.48 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 10th.
In other Anglo American plc news, insider Mphu Ramatlapeng purchased 283 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of GBX 982 ($13.24) per share, with a total value of £2,779.06 ($3,746.88). Insiders have acquired 321 shares of company stock worth $324,212 over the last three months.
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Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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