Anglo American plc (AAL) Receives Average Recommendation of “Hold” from Brokerages
Anglo American plc (LON:AAL) has earned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,328.44 ($17.62).
A number of brokerages have weighed in on AAL. Jefferies Group LLC upped their price target on Anglo American plc from GBX 1,250 ($16.58) to GBX 1,500 ($19.90) and gave the company a “hold” rating in a research report on Thursday, August 31st. J P Morgan Chase & Co boosted their target price on shares of Anglo American plc from GBX 1,600 ($21.22) to GBX 1,670 ($22.15) and gave the company an “overweight” rating in a research note on Tuesday, September 5th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,190 ($15.78) target price on shares of Anglo American plc in a research note on Friday, July 28th. Deutsche Bank AG reiterated a “hold” rating on shares of Anglo American plc in a research report on Friday, September 15th. Finally, HSBC Holdings plc dropped their target price on shares of Anglo American plc from GBX 1,350 ($17.91) to GBX 1,250 ($16.58) and set a “buy” rating for the company in a research report on Friday, July 14th.
Anglo American plc (AAL) traded up 2.36% during mid-day trading on Wednesday, hitting GBX 1430.00. 5,640,413 shares of the company were exchanged. The stock’s 50 day moving average is GBX 1,341.05 and its 200-day moving average is GBX 1,178.07. Anglo American plc has a 12-month low of GBX 950.10 and a 12-month high of GBX 1,529.01. The company’s market cap is GBX 18.49 billion.
The company also recently declared a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were issued a $0.48 dividend. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, August 10th.
In other Anglo American plc news, insider Philip R. Hampton purchased 725 shares of the stock in a transaction on Tuesday, September 26th. The stock was bought at an average cost of GBX 1,289 ($17.10) per share, for a total transaction of £9,345.25 ($12,395.87). Over the last quarter, insiders have acquired 763 shares of company stock worth $980,831.
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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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