Anglo American plc (LON:AAL) Plans Dividend of $0.42

Anglo American plc (LON:AAL) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be given a dividend of $0.42 per share by the mining company on Friday, September 27th. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.41. The official announcement can be viewed at this link.

Anglo American Trading Down 1.6 %

Shares of AAL stock opened at GBX 2,195.50 ($28.03) on Wednesday. The firm’s 50-day simple moving average is GBX 2,352.82 and its 200-day simple moving average is GBX 2,210.96. The company has a debt-to-equity ratio of 53.49, a current ratio of 1.85 and a quick ratio of 1.28. Anglo American has a 1-year low of GBX 1,630 ($20.81) and a 1-year high of GBX 2,813 ($35.92). The firm has a market cap of £26.57 billion, a P/E ratio of 12,397.22, a PEG ratio of 2.48 and a beta of 1.22.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Anglo American from GBX 2,735 ($34.92) to GBX 2,590 ($33.07) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($38.30) target price on shares of Anglo American in a report on Friday, May 31st. Bank of America reissued a “buy” rating and set a GBX 3,100 ($39.58) price target on shares of Anglo American in a research report on Wednesday, June 26th. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($26.81) price objective on shares of Anglo American in a report on Friday, July 26th. Finally, Royal Bank of Canada boosted their target price on Anglo American from GBX 2,300 ($29.37) to GBX 3,100 ($39.58) and gave the stock an “outperform” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,765 ($35.30).

Insider Activity

In related news, insider Stuart J. Chambers purchased 694 shares of Anglo American stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of GBX 2,464 ($31.46) per share, with a total value of £17,100.16 ($21,833.71). Insiders own 9.94% of the company’s stock.

Anglo American Company Profile

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