Deutsche Bank reaffirmed their buy rating on shares of Anglo American (LON:AAL) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also issued reports on the company. Royal Bank of Canada reissued a top pick rating on shares of Anglo American in a research note on Friday, July 26th. Morgan Stanley reissued an overweight rating on shares of Anglo American in a research note on Monday, July 15th. Credit Suisse Group reissued an outperform rating on shares of Anglo American in a research note on Monday, July 22nd. Citigroup reissued a buy rating and set a GBX 2,300 ($30.05) price objective on shares of Anglo American in a research note on Thursday, May 16th. Finally, HSBC raised Anglo American to a buy rating in a research note on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Anglo American has a consensus rating of Hold and an average price target of GBX 2,131.33 ($27.85).
Anglo American stock opened at GBX 1,884 ($24.62) on Wednesday. Anglo American has a one year low of GBX 1,433.80 ($18.74) and a one year high of GBX 2,294 ($29.98). The stock has a fifty day moving average of GBX 2,159.32. The company has a quick ratio of 1.55, a current ratio of 2.30 and a debt-to-equity ratio of 33.15. The company has a market capitalization of $26.45 billion and a price-to-earnings ratio of 5.89.
The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 2.23%. This is a positive change from Anglo American’s previous dividend of $0.51. Anglo American’s payout ratio is 0.28%.
In other news, insider Stuart J. Chambers purchased 4,650 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average price of GBX 2,157 ($28.19) per share, with a total value of £100,300.50 ($131,060.37). Also, insider Byron Elmer Grote purchased 2,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of GBX 2,536 ($33.14) per share, with a total value of £50,720 ($66,274.66). In the last ninety days, insiders have acquired 6,665 shares of company stock valued at $15,132,464.
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.
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