Anglo American plc’s (AAL) Neutral Rating Reiterated at Macquarie
Macquarie reaffirmed their neutral rating on shares of Anglo American plc (LON:AAL) in a report published on Wednesday morning. The firm currently has a GBX 1,330 ($17.67) price objective on the mining company’s stock.
Several other research firms have also recently weighed in on AAL. Deutsche Bank AG lifted their price objective on shares of Anglo American plc from GBX 1,250 ($16.61) to GBX 1,270 ($16.87) and gave the stock a sell rating in a research report on Friday, October 6th. HSBC Holdings plc reiterated a buy rating and set a GBX 1,630 ($21.66) price objective on shares of Anglo American plc in a research report on Wednesday. J P Morgan Chase & Co lifted their price objective on shares of Anglo American plc from GBX 1,600 ($21.26) to GBX 1,670 ($22.19) and gave the stock an overweight rating in a research report on Tuesday, September 5th. Jefferies Group LLC lifted their price objective on shares of Anglo American plc from GBX 1,250 ($16.61) to GBX 1,500 ($19.93) and gave the stock a hold rating in a research report on Thursday, August 31st. Finally, Liberum Capital restated a sell rating and set a GBX 750 ($9.97) price target on shares of Anglo American plc in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,350.31 ($17.94).
Shares of Anglo American plc (AAL) opened at 1432.00 on Wednesday. The firm’s market cap is GBX 18.52 billion. The company has a 50 day moving average price of GBX 1,386.22 and a 200-day moving average price of GBX 1,196.23. Anglo American plc has a 12-month low of GBX 950.10 and a 12-month high of GBX 1,529.01.
The business also recently disclosed a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were given a dividend of $0.48 per share. This represents a dividend yield of 2.98%. The ex-dividend date was Thursday, August 10th.
In related news, insider Philip R. Hampton acquired 725 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was acquired at an average price of GBX 1,289 ($17.13) per share, with a total value of £9,345.25 ($12,417.29). Insiders have bought 759 shares of company stock valued at $980,473 in the last ninety days.
About Anglo American plc
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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