Anglo American (LON:AAL) had its price objective raised by Barclays from GBX 2,550 ($33.32) to GBX 2,750 ($35.93) in a research note published on Tuesday morning, Digital Look reports. The firm currently has an overweight rating on the mining company’s stock.
Several other brokerages have also issued reports on AAL. Jefferies Financial Group reiterated a buy rating on shares of Anglo American in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Anglo American from GBX 2,650 ($34.63) to GBX 2,600 ($33.97) and set an overweight rating for the company in a research note on Wednesday, July 15th. Deutsche Bank increased their price target on shares of Anglo American from GBX 2,200 ($28.75) to GBX 2,500 ($32.67) and gave the stock a buy rating in a research note on Monday, September 7th. Credit Suisse Group increased their price target on shares of Anglo American from GBX 1,800 ($23.52) to GBX 2,020 ($26.39) and gave the stock an outperform rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Anglo American in a research note on Monday, July 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 1,984.67 ($25.93).
Shares of Anglo American stock traded up GBX 42.40 ($0.55) during trading on Tuesday, hitting GBX 1,979.80 ($25.87). The company’s stock had a trading volume of 3,360,124 shares, compared to its average volume of 4,022,885. The company has a debt-to-equity ratio of 48.43, a quick ratio of 1.11 and a current ratio of 1.82. The company has a fifty day simple moving average of GBX 1,887.01 and a two-hundred day simple moving average of GBX 1,682.52. The company has a market capitalization of $26.99 billion and a PE ratio of 11.72. Anglo American has a 52 week low of GBX 1,018.20 ($13.30) and a 52 week high of GBX 2,266 ($29.61).
The company also recently disclosed a dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, August 20th will be given a dividend of $0.28 per share. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, August 20th. Anglo American’s dividend payout ratio (DPR) is 34.93%.
In related news, insider Nonkululeko Nyembezi purchased 127 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average price of GBX 1,840 ($24.04) per share, with a total value of £2,336.80 ($3,053.44). Insiders have purchased a total of 150 shares of company stock worth $277,859 over the last three months.
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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