Anglo American (LON:AAL) had its price objective raised by Credit Suisse Group from GBX 2,350 ($30.71) to GBX 2,710 ($35.41) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an outperform rating on the mining company’s stock.
Several other analysts have also weighed in on the company. Morgan Stanley restated an overweight rating and issued a GBX 2,280 ($29.79) price objective on shares of Anglo American in a report on Wednesday, May 8th. UBS Group restated a sell rating on shares of Anglo American in a report on Wednesday, May 8th. Barclays restated an equal weight rating on shares of Anglo American in a report on Wednesday, May 8th. HSBC cut their price objective on Anglo American from GBX 2,340 ($30.58) to GBX 2,320 ($30.31) and set a hold rating for the company in a report on Friday, April 26th. Finally, Royal Bank of Canada cut their price objective on Anglo American from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) and set an outperform rating for the company in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Anglo American presently has an average rating of Hold and a consensus price target of GBX 2,112.67 ($27.61).
Shares of Anglo American stock opened at GBX 1,964.40 ($25.67) on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 30.44. The firm has a market capitalization of $24.87 billion and a PE ratio of 7.17. Anglo American has a fifty-two week low of GBX 1,433.80 ($18.74) and a fifty-two week high of GBX 2,229.50 ($29.13).
The business also recently announced a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Anglo American’s previous dividend of $0.49. This represents a dividend yield of 1.93%. Anglo American’s payout ratio is 0.28%.
In related news, insider Stuart J. Chambers bought 473 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of GBX 2,001 ($26.15) per share, with a total value of £9,464.73 ($12,367.35). Also, insider Stephen Pearce sold 45,952 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of GBX 2,010 ($26.26), for a total value of £923,635.20 ($1,206,892.98). Insiders have bought 1,428 shares of company stock worth $2,967,284 over the last ninety days.
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.
Further Reading: Rule of 72
Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.