Anglo American plc (LON:AAL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Anglo American plc (LON:AAL) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,715 ($36.32).

AAL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Anglo American from GBX 2,735 ($36.58) to GBX 2,590 ($34.64) and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. Bank of America restated a “buy” rating and issued a GBX 3,100 ($41.47) price target on shares of Anglo American in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Anglo American from GBX 2,900 ($38.79) to GBX 2,700 ($36.12) and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, Berenberg Bank restated a “sell” rating and set a GBX 2,100 ($28.09) target price on shares of Anglo American in a research report on Friday, July 26th.

Anglo American Stock Up 1.7 %

AAL stock opened at GBX 2,485 ($33.24) on Friday. Anglo American has a one year low of GBX 1,630 ($21.80) and a one year high of GBX 2,813 ($37.63). The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The company has a fifty day moving average of GBX 2,212.93 and a 200-day moving average of GBX 2,299.11. The stock has a market capitalization of £30.07 billion, a PE ratio of -2,381.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.

Anglo American Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.42 per share. This represents a dividend yield of 1.46%. The ex-dividend date was Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.41. Anglo American’s payout ratio is -6,310.68%.

Insider Activity at Anglo American

In related news, insider Marcelo Bastos bought 1,200 shares of Anglo American stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average price of GBX 2,131 ($28.50) per share, with a total value of £25,572 ($34,205.46). In the last three months, insiders have acquired 1,214 shares of company stock valued at $2,587,244. Insiders own 9.85% of the company’s stock.

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.