Anglo American (LON:AAL) Sets New 1-Year High at $2,721.00

Shares of Anglo American plc (LON:AAL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 2,721 ($33.61) and last traded at GBX 2,691 ($33.24), with a volume of 42245162 shares trading hands. The stock had previously closed at GBX 2,560 ($31.62).

Wall Street Analyst Weigh In

A number of research firms recently commented on AAL. JPMorgan Chase & Co. restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, April 9th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($19.76) price objective on shares of Anglo American in a research report on Tuesday, March 26th. Barclays restated an “overweight” rating and set a GBX 2,630 ($32.49) target price on shares of Anglo American in a report on Friday, February 9th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,500 ($30.88) price objective on shares of Anglo American in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,493.33 ($30.80).

Anglo American Trading Up 3.2 %

The company has a debt-to-equity ratio of 53.49, a quick ratio of 1.28 and a current ratio of 1.85. The business’s 50-day moving average price is GBX 1,963.74 and its 200 day moving average price is GBX 1,978.31. The company has a market cap of £35.42 billion, a P/E ratio of 14,683.33, a P/E/G ratio of 1.76 and a beta of 1.30.

Anglo American Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be issued a dividend of $0.41 per share. This represents a yield of 1.89%. The ex-dividend date is Thursday, March 14th. Anglo American’s dividend payout ratio is 42,222.22%.

Insider Activity

In other Anglo American news, insider John Heasley sold 12,085 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($27.47), for a total transaction of £268,770.40 ($331,979.25). In other Anglo American news, insider John Heasley sold 12,085 shares of Anglo American stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.47), for a total value of £268,770.40 ($331,979.25). Also, insider Duncan Wanblad sold 24,467 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total transaction of £424,991.79 ($524,940.45). Insiders own 7.23% 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.