Deutsche Bank reaffirmed their hold rating on shares of Anglo American (LON:AAL) in a report published on Wednesday morning.
A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada restated an outperform rating on shares of Anglo American in a research note on Tuesday. UBS lifted their target price on shares of Anglo American from GBX 1,360 ($19.09) to GBX 1,650 ($23.16) and gave the company a neutral rating in a research note on Wednesday, March 28th. Morgan Stanley restated an overweight rating on shares of Anglo American in a research note on Wednesday, March 28th. Goldman Sachs restated a conviction-buy rating and set a GBX 2,300 ($32.29) target price on shares of Anglo American in a research note on Monday, March 26th. Finally, Investec upgraded shares of Anglo American to a buy rating in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 1,737.81 ($24.39).
AAL opened at GBX 1,618.40 ($22.72) on Wednesday. Anglo American has a fifty-two week low of GBX 950.10 ($13.34) and a fifty-two week high of GBX 1,870 ($26.25).
The business also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, March 15th will be paid a $0.54 dividend. The ex-dividend date is Thursday, March 15th. This represents a yield of 2.16%. This is a boost from Anglo American’s previous dividend of $0.48.
In other Anglo American news, insider Mark Cutifani sold 109,134 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of GBX 1,693 ($23.76), for a total value of £1,847,638.62 ($2,593,541.02).
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About Anglo American
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 nickel; and iron and manganese ores, as well as alloys.
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