Royal Bank Of Canada reaffirmed their outperform rating on shares of Anglo American plc (LON:AAL) in a report published on Wednesday morning. They currently have a GBX 1,700 ($22.14) target price on the mining company’s stock.
AAL has been the topic of a number of other research reports. J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,600 ($20.84) price target (up previously from GBX 1,530 ($19.92)) on shares of Anglo American plc in a report on Tuesday, May 2nd. Macquarie restated a neutral rating and issued a GBX 1,215 ($15.82) price target on shares of Anglo American plc in a report on Tuesday, July 18th. HSBC Holdings plc restated a hold rating and issued a GBX 1,280 ($16.67) price target (up previously from GBX 1,250 ($16.28)) on shares of Anglo American plc in a report on Monday, July 31st. Credit Suisse Group lowered their price target on Anglo American plc from GBX 1,400 ($18.23) to GBX 1,190 ($15.50) and set a neutral rating on the stock in a report on Wednesday, July 19th. Finally, Investec restated a buy rating and issued a GBX 1,385 ($18.04) price target on shares of Anglo American plc in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 1,281.56 ($16.69).
Shares of Anglo American plc (AAL) opened at 1238.50 on Wednesday. The stock has a 50 day moving average price of GBX 1,138.35 and a 200-day moving average price of GBX 1,169.64. Anglo American plc has a 52 week low of GBX 765.10 and a 52 week high of GBX 1,529.01. The firm’s market capitalization is GBX 16.01 billion.
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The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th will be given a dividend of $0.48 per share. This represents a yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 10th.
In related news, insider John Parker purchased 62,696 shares of the stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of GBX 1,057 ($13.76) per share, for a total transaction of £662,696.72 ($862,998.72). Also, insider Mphu Ramatlapeng purchased 283 shares of the stock in a transaction dated Monday, June 26th. The shares were bought at an average price of GBX 982 ($12.79) per share, for a total transaction of £2,779.06 ($3,619.04). Over the last 90 days, insiders have bought 63,007 shares of company stock worth $66,578,196.
Anglo American plc Company Profile
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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