Liberum Capital lowered shares of Anglo American (LON:AAL) to a sell rating in a research note issued to investors on Friday, September 20th, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently weighed in on AAL. Goldman Sachs Group restated a buy rating on shares of Anglo American in a report on Tuesday, August 13th. Societe Generale upgraded Anglo American to a buy rating in a report on Thursday, May 23rd. Barclays reiterated an equal weight rating and issued a GBX 2,000 ($26.13) price objective on shares of Anglo American in a report on Tuesday, August 13th. Credit Suisse Group reiterated an outperform rating on shares of Anglo American in a report on Monday, July 22nd. Finally, Morgan Stanley reiterated an overweight rating on shares of Anglo American in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 2,128 ($27.81).
Shares of Anglo American stock opened at GBX 1,886.40 ($24.65) on Friday. The stock has a market cap of $26.04 billion and a P/E ratio of 5.90. The stock’s 50 day simple moving average is GBX 1,810.55 and its 200-day simple moving average is GBX 1,997.66. Anglo American has a 1-year low of GBX 1,529.80 ($19.99) and a 1-year high of GBX 2,294 ($29.98). The company has a debt-to-equity ratio of 33.15, a current ratio of 2.30 and a quick ratio of 1.55.
The company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 15th were given a $0.62 dividend. This is a positive change from Anglo American’s previous dividend of $0.51. The ex-dividend date was Thursday, August 15th. This represents a yield of 2.23%. Anglo American’s payout ratio is presently 0.28%.
In other news, insider Byron Elmer Grote bought 2,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average price of GBX 2,536 ($33.14) per share, with a total value of £50,720 ($66,274.66). In the last three months, insiders acquired 3,023 shares of company stock worth $7,331,550.
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 iron; and nickel and manganese ores, as well as alloys.
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