Anglo American plc (LON:AAL) Given Average Recommendation of "Moderate Buy" by Brokerages

Anglo American plc (LON:AAL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,493.33 ($31.32).

A number of equities analysts recently weighed in on AAL shares. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Anglo American in a research report on Tuesday, April 9th. Barclays reiterated an "overweight" rating and issued a GBX 2,630 ($33.04) target price on shares of Anglo American in a report on Friday, February 9th. Jefferies Financial Group restated a "buy" rating and set a GBX 2,500 ($31.40) price target on shares of Anglo American in a report on Friday, February 9th. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 1,600 ($20.10) price target on shares of Anglo American in a research report on Tuesday, March 26th.

Insider Activity

In other Anglo American news, insider Duncan Wanblad sold 24,467 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.82), for a total value of £424,991.79 ($533,842.22). In other news, insider John Heasley sold 12,085 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.94), for a total transaction of £268,770.40 ($337,608.84). Also, insider Duncan Wanblad sold 24,467 shares of Anglo American stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.82), for a total value of £424,991.79 ($533,842.22). 7.23% of the stock is owned by corporate insiders.

Anglo American Price Performance

Shares of LON AAL traded down GBX 116 ($1.46) during mid-day trading on Tuesday, reaching GBX 2,634 ($33.09). The company had a trading volume of 6,361,822 shares, compared to its average volume of 4,655,331. The company has a 50-day moving average price of GBX 2,001.47 and a two-hundred day moving average price of GBX 1,982.60. The stock has a market cap of £35.30 billion, a PE ratio of 14,633.33, a P/E/G ratio of 1.76 and a beta of 1.30. 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 has a 1-year low of GBX 1,630 ($20.47) and a 1-year high of GBX 2,786 ($35.00).

Anglo American Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.41 per share. 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%.

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.