Analysts Set Anglo American plc (AAL) Price Target at $1,312.81
Anglo American plc (LON:AAL) has been given an average recommendation of “Hold” by the sixteen brokerages that are covering the company, MarketBeat Ratings reports. One investment 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 average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,312.81 ($16.95).
Several equities analysts have issued reports on the stock. HSBC Holdings plc reissued a “hold” rating and issued a GBX 1,410 ($18.21) price objective on shares of Anglo American plc in a research note on Tuesday, September 5th. J P Morgan Chase & Co boosted their price objective on shares of Anglo American plc from GBX 1,600 ($20.66) to GBX 1,670 ($21.57) and gave the company an “overweight” rating in a research note on Tuesday, September 5th. Jefferies Group LLC boosted their price objective on shares of Anglo American plc from GBX 1,250 ($16.14) to GBX 1,500 ($19.37) and gave the company a “hold” rating in a research note on Thursday, August 31st. Macquarie reissued a “neutral” rating and issued a GBX 1,250 ($16.14) price objective on shares of Anglo American plc in a research note on Wednesday, August 30th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 750 ($9.69) price objective on shares of Anglo American plc in a research note on Wednesday, August 30th.
Anglo American plc (AAL) traded up 0.04% during mid-day trading on Friday, hitting GBX 1393.50. 5,308,604 shares of the stock traded hands. The company has a 50 day moving average of GBX 1,304.95 and a 200-day moving average of GBX 1,167.84. The stock’s market cap is GBX 18.02 billion. Anglo American plc has a 12-month low of GBX 782.70 and a 12-month high of GBX 1,529.01.
The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 2.98%.
In other Anglo American plc news, insider Mphu Ramatlapeng acquired 283 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average cost of GBX 982 ($12.68) per share, for a total transaction of £2,779.06 ($3,589.13). Insiders purchased a total of 323 shares of company stock worth $323,512 over the last quarter.
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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