Anglo American (LON:AAL) Reaches New 52-Week High at $2,721.00

Anglo American plc (LON:AAL - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 2,721 ($33.61) and last traded at GBX 2,691 ($33.24), with a volume of 42245162 shares changing hands. The stock had previously closed at GBX 2,560 ($31.62).

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AAL shares. Berenberg Bank reissued a "hold" rating and set a GBX 1,600 ($19.76) target price on shares of Anglo American in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Anglo American in a research report on Tuesday, April 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,500 ($30.88) price objective on shares of Anglo American in a research report on Friday, February 9th. Finally, Barclays reiterated an "overweight" rating and issued a GBX 2,630 ($32.49) target price on shares of Anglo American in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,493.33 ($30.80).

Anglo American Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49. The stock has a 50 day simple moving average of GBX 1,946.93 and a 200 day simple moving average of GBX 1,976.90. The company has a market cap of £35.42 billion, a price-to-earnings ratio of 14,994.44, a PEG ratio of 1.76 and a beta of 1.30.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be issued a $0.41 dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 14th. Anglo American's dividend payout ratio is currently 42,222.22%.

Insider Activity at Anglo American

In other news, insider John Heasley sold 12,085 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.47), for a total transaction of £268,770.40 ($331,979.25). In other Anglo American news, insider Duncan Wanblad sold 24,467 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 1,737 ($21.46), for a total value of £424,991.79 ($524,940.45). Also, insider John Heasley sold 12,085 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.47), for a total value of £268,770.40 ($331,979.25). 7.23% of the stock is owned by corporate insiders.

Anglo American Company Profile

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.