Royal Bank Of Canada reiterated their outperform rating on shares of Anglo American plc (LON:AAL) in a research note released on Wednesday, August 9th. Royal Bank Of Canada currently has a GBX 1,700 ($22.07) target price on the mining company’s stock.
AAL has been the topic of several other reports. J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,600 ($20.77) price target (up from GBX 1,530 ($19.86)) on shares of Anglo American plc in a research note on Tuesday, May 2nd. Jefferies Group LLC reduced their price objective on shares of Anglo American plc from GBX 1,300 ($16.88) to GBX 950 ($12.33) and set a hold rating on the stock in a research note on Thursday, June 8th. Barclays PLC reiterated an equal weight rating and set a GBX 1,165 ($15.12) price objective on shares of Anglo American plc in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated a neutral rating and set a GBX 1,190 ($15.45) price objective on shares of Anglo American plc in a research note on Friday, July 28th. Finally, HSBC Holdings plc reduced their price objective on shares of Anglo American plc from GBX 1,350 ($17.53) to GBX 1,250 ($16.23) and set a buy rating on the stock in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,281.56 ($16.64).
Anglo American plc (AAL) opened at 1280.00 on Wednesday. Anglo American plc has a one year low of GBX 765.10 and a one year high of GBX 1,529.01. The company’s market capitalization is GBX 16.55 billion. The company’s 50-day moving average is GBX 1,171.97 and its 200 day moving average is GBX 1,167.57.
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The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 2.98%.
In other Anglo American plc news, insider Mphu Ramatlapeng acquired 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of GBX 982 ($12.75) per share, for a total transaction of £2,779.06 ($3,607.76). Also, insider John Parker purchased 62,696 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of GBX 1,057 ($13.72) per share, with a total value of £662,696.72 ($860,309.91). In the last quarter, insiders purchased 63,019 shares of company stock valued at $66,593,184.
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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