Anglo American plc (LON:AAL)’s share price dropped 2.4% during trading on Thursday . The company traded as low as GBX 1,308 ($16.89) and last traded at GBX 1,316.50 ($17.00). Approximately 6,687,136 shares were traded during trading, an increase of 14% from the average daily volume of 5,840,780 shares. The stock had previously closed at GBX 1,349 ($17.42).
AAL has been the subject of a number of recent research reports. HSBC Holdings plc restated a “buy” rating and set a GBX 1,250 ($16.14) price objective on shares of Anglo American plc in a research note on Friday, July 21st. Canaccord Genuity restated a “buy” rating and set a GBX 1,650 ($21.31) price objective on shares of Anglo American plc in a research note on Friday, July 21st. Liberum Capital restated a “sell” rating and set a GBX 750 ($9.69) price objective on shares of Anglo American plc in a research note on Thursday, July 27th. Deutsche Bank AG restated a “hold” rating and set a GBX 1,000 ($12.91) price objective on shares of Anglo American plc in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co reduced their price objective on shares of Anglo American plc from GBX 1,600 ($20.66) to GBX 1,480 ($19.11) and set an “overweight” rating for the company in a research note on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,312.81 ($16.95).
The firm’s market cap is GBX 16.69 billion. The company has a 50-day moving average of GBX 1,318.05 and a 200 day moving average of GBX 1,170.39.
The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be paid a dividend of $0.48 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 10th.
In other news, insider Mphu Ramatlapeng bought 283 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average price of GBX 982 ($12.68) per share, with a total value of £2,779.06 ($3,589.13). Insiders have purchased a total of 309 shares of company stock worth $308,252 in the last ninety days.
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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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