Anglo American (LON:AAL) Earns Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Anglo American (LON:AAL) in a research note published on Tuesday morning, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a buy rating and set a GBX 2,500 ($31.64) price objective on shares of Anglo American in a research report on Friday, February 9th. Barclays reaffirmed an overweight rating and set a GBX 2,630 ($33.29) price objective on shares of Anglo American in a research report on Friday, February 9th. Finally, Berenberg Bank reissued a hold rating and issued a GBX 1,600 ($20.25) price target on shares of Anglo American in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Anglo American presently has an average rating of Moderate Buy and a consensus target price of GBX 2,493.33 ($31.56).

Anglo American Price Performance

Anglo American stock opened at GBX 2,201.50 ($27.86) on Tuesday. The stock has a market cap of £29.50 billion, a P/E ratio of 12,230.56, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. The company has a fifty day simple moving average of GBX 1,860.04 and a 200-day simple moving average of GBX 1,976.31. Anglo American has a 12-month low of GBX 1,630 ($20.63) and a 12-month high of GBX 2,815.50 ($35.63). The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 53.49.

Anglo American Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be given a $0.41 dividend. The ex-dividend date is Thursday, March 14th. This represents a yield of 1.89%. Anglo American’s dividend payout ratio (DPR) is presently 42,222.22%.

Insider Activity

In other news, insider Duncan Wanblad sold 24,467 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.98), for a total value of £424,991.79 ($537,896.20). Corporate insiders own 7.29% 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.