Anglo American (LON:AAL) Sets New 12-Month Low at $2,483.00

Anglo American plc (LON:AAL – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,483 ($30.26) and last traded at GBX 2,496.50 ($30.43), with a volume of 833060 shares trading hands. The stock had previously closed at GBX 2,559.50 ($31.19).

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAL shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 2,600 ($31.69) price objective on shares of Anglo American in a research report on Wednesday, March 1st. Berenberg Bank restated a “hold” rating and issued a GBX 3,600 ($43.88) target price on shares of Anglo American in a research note on Tuesday, February 21st. Citigroup restated a “top pick” rating on shares of Anglo American in a research note on Monday, January 16th. Credit Suisse Group cut Anglo American to a “neutral” rating in a research note on Monday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on Anglo American from GBX 3,500 ($42.66) to GBX 3,400 ($41.44) and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Anglo American has an average rating of “Hold” and an average price target of GBX 3,341.67 ($40.73).

Anglo American Trading Up 1.0 %

The company has a market cap of £33.55 billion, a P/E ratio of 810.36, a PEG ratio of -0.78 and a beta of 1.34. The company has a current ratio of 1.90, a quick ratio of 1.28 and a debt-to-equity ratio of 44.39. The business has a 50 day moving average price of GBX 3,222.66 and a 200-day moving average price of GBX 3,061.70.

Anglo American Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.74 per share. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, March 16th. Anglo American’s dividend payout ratio is currently 5,469.26%.

Insider Transactions at Anglo American

In related news, insider Stuart J. Chambers acquired 509 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were bought at an average price of GBX 3,109 ($37.89) per share, for a total transaction of £15,824.81 ($19,286.79). In other Anglo American news, insider Ian Tyler bought 701 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were acquired at an average cost of GBX 2,831 ($34.50) per share, with a total value of £19,845.31 ($24,186.85). Also, insider Stuart J. Chambers bought 509 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were acquired at an average cost of GBX 3,109 ($37.89) per share, for a total transaction of £15,824.81 ($19,286.79). Company insiders own 7.29% of the company’s stock.

Anglo American Company Profile

(Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.