Anglo American (AAL) Receives Hold Rating from Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Anglo American (LON:AAL) in a report released on Monday.

Other equities research analysts have also issued reports about the stock. UBS Group restated a neutral rating and set a GBX 1,650 ($21.56) price objective on shares of Anglo American in a report on Friday, July 27th. Barclays raised their price objective on shares of Anglo American from GBX 1,725 ($22.54) to GBX 1,850 ($24.17) and gave the stock an equal weight rating in a report on Friday, October 12th. JPMorgan Chase & Co. raised their price objective on shares of Anglo American from GBX 2,170 ($28.35) to GBX 2,290 ($29.92) and gave the stock an overweight rating in a report on Monday, September 10th. Citigroup upgraded shares of Anglo American to a buy rating in a report on Monday, July 16th. Finally, Credit Suisse Group raised their price objective on shares of Anglo American from GBX 1,720 ($22.47) to GBX 1,900 ($24.83) and gave the stock a neutral rating in a report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 1,894 ($24.75).

Shares of LON:AAL opened at GBX 1,639 ($21.42) on Monday. Anglo American has a 12 month low of GBX 950.10 ($12.41) and a 12 month high of GBX 1,870 ($24.43).

The firm also recently declared a dividend, which was paid on Friday, September 21st. Shareholders of record on Thursday, August 16th were paid a $0.49 dividend. The ex-dividend date was Thursday, August 16th. This represents a yield of 2.22%.

In other Anglo American news, insider Stephen Pearce sold 95,928 shares of Anglo American stock in a transaction on Friday, July 27th. The shares were sold at an average price of GBX 1,700 ($22.21), for a total value of £1,630,776 ($2,130,897.69). Also, insider Tony O’Neill purchased 1,611 shares of the stock in a transaction on Friday, September 21st. The stock was acquired at an average price of GBX 1,739 ($22.72) per share, for a total transaction of £28,015.29 ($36,606.94).

About Anglo American

Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and nickel; and iron and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (LON:AAL)

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