Anglo American plc (AAL) Given Average Recommendation of “Hold” by Brokerages
Anglo American plc (LON:AAL) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,281.56 ($16.64).
Several research firms have weighed in on AAL. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,600 ($20.77) price target on shares of Anglo American plc in a research note on Wednesday, May 17th. Macquarie restated a “neutral” rating and issued a GBX 1,175 ($15.25) price target on shares of Anglo American plc in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “hold” rating and issued a GBX 1,300 ($16.88) price target on shares of Anglo American plc in a research note on Monday, May 15th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,700 ($22.07) price target on shares of Anglo American plc in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG dropped their price target on Anglo American plc from GBX 1,350 ($17.53) to GBX 1,100 ($14.28) and set a “hold” rating for the company in a research note on Thursday, May 4th.
In other Anglo American plc news, insider John Parker bought 62,696 shares of Anglo American plc stock in a transaction on Tuesday, May 30th. The shares were acquired at an average price of GBX 1,057 ($13.72) per share, for a total transaction of £662,696.72 ($860,309.91). Also, insider Mphu Ramatlapeng bought 283 shares of Anglo American plc stock in a transaction on Monday, June 26th. The stock was acquired at an average price of GBX 982 ($12.75) per share, for a total transaction of £2,779.06 ($3,607.76). In the last quarter, insiders acquired 63,007 shares of company stock worth $66,578,196.
Shares of Anglo American plc (AAL) traded down 1.19% during midday trading on Tuesday, reaching GBX 1241.50. 3,141,887 shares of the company were exchanged. Anglo American plc has a 12-month low of GBX 765.10 and a 12-month high of GBX 1,529.01. The stock’s market capitalization is GBX 16.05 billion. The company has a 50 day moving average price of GBX 1,148.81 and a 200-day moving average price of GBX 1,166.57.
The firm also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 2.98%.
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Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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