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

Shares of Anglo American plc (LON:AAL) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,765 ($36.46).

Several research firms have recently issued reports on AAL. Royal Bank of Canada raised their target price on shares of Anglo American from GBX 2,300 ($30.33) to GBX 3,100 ($40.88) and gave the stock an “outperform” rating in a report on Monday, May 13th. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($39.56) price objective on shares of Anglo American in a research note on Friday, May 31st. Bank of America reaffirmed a “buy” rating and set a GBX 3,100 ($40.88) target price on shares of Anglo American in a research note on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price target on Anglo American from GBX 2,735 ($36.07) to GBX 2,590 ($34.16) and set an “overweight” rating for the company in a research note on Wednesday, July 3rd. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($27.69) price objective on shares of Anglo American in a research report on Friday, July 26th.

Insiders Place Their Bets

In other Anglo American news, insider Stuart J. Chambers bought 694 shares of the company’s stock in a transaction on Friday, June 21st. The shares were bought at an average cost of GBX 2,464 ($32.49) per share, for a total transaction of £17,100.16 ($22,550.65). In the last ninety days, insiders bought 706 shares of company stock worth $1,737,272. 9.94% of the stock is currently owned by company insiders.

Anglo American Stock Down 1.3 %

LON AAL opened at GBX 2,209 ($29.13) on Monday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 62.94. Anglo American has a 52 week low of GBX 1,630 ($21.50) and a 52 week high of GBX 2,813 ($37.10). The firm has a market capitalization of £26.73 billion, a price-to-earnings ratio of -2,144.66, a PEG ratio of 2.29 and a beta of 1.14. The company has a fifty day moving average of GBX 2,309.67 and a two-hundred day moving average of GBX 2,249.99.

Anglo American Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.42 per share. This is an increase from Anglo American’s previous dividend of $0.41. This represents a yield of 1.46%. The ex-dividend date is Thursday, August 15th. Anglo American’s dividend payout ratio (DPR) is presently -6,407.77%.

Anglo American Company Profile

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.