Analysts Set Anglo American plc (LON:AAL) Price Target at GBX 2,110

Shares of Anglo American plc (LON:AAL) have received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,003.33 ($26.18).

AAL has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Anglo American from GBX 2,280 ($29.79) to GBX 2,230 ($29.14) and set a “neutral” rating on the stock in a research note on Monday, August 12th. Credit Suisse Group restated an “outperform” rating on shares of Anglo American in a research note on Monday, July 22nd. Royal Bank of Canada restated a “top pick” rating on shares of Anglo American in a research note on Friday, July 26th. HSBC upgraded Anglo American to a “buy” rating in a research note on Tuesday, May 28th. Finally, Barclays restated an “equal weight” rating and set a GBX 2,000 ($26.13) price objective on shares of Anglo American in a research note on Tuesday.

LON AAL traded up GBX 2.20 ($0.03) on Friday, hitting GBX 1,698.40 ($22.19). 3,292,588 shares of the stock traded hands, compared to its average volume of 6,120,000. The stock has a 50-day moving average of GBX 2,065.99 and a 200 day moving average of GBX 2,032.60. Anglo American has a twelve month low of GBX 1,433.80 ($18.74) and a twelve month high of GBX 2,294 ($29.98). The company has a market capitalization of $23.54 billion and a P/E ratio of 5.31. The company has a current ratio of 2.30, a quick ratio of 1.55 and a debt-to-equity ratio of 33.15.

The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.62 per share. This represents a dividend yield of 2.23%. This is a boost from Anglo American’s previous dividend of $0.51. The ex-dividend date of this dividend is Thursday, August 15th. Anglo American’s dividend payout ratio is presently 0.28%.

In related news, insider Stuart J. Chambers purchased 4,650 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average cost of GBX 2,157 ($28.19) per share, for a total transaction of £100,300.50 ($131,060.37). Also, insider Byron Elmer Grote purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of GBX 2,536 ($33.14) per share, for a total transaction of £50,720 ($66,274.66). Insiders have bought a total of 7,665 shares of company stock worth $17,346,104 over the last quarter.

Anglo American Company Profile

Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (LON:AAL)

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