Other analysts have also recently issued research reports about the stock. Jefferies Group upgraded shares of Anglo American to a buy rating and lifted their price objective for the stock from GBX 1,500 ($20.72) to GBX 2,000 ($27.63) in a research note on Friday, January 5th. Societe Generale lifted their price objective on shares of Anglo American from GBX 1,550 ($21.41) to GBX 1,650 ($22.80) and gave the stock a buy rating in a research note on Thursday, November 9th. Barclays raised their target price on shares of Anglo American from GBX 1,270 ($17.55) to GBX 1,550 ($21.41) and gave the company an equal weight rating in a report on Monday, January 8th. Deutsche Bank raised shares of Anglo American to a hold rating and raised their target price for the company from GBX 1,300 ($17.96) to GBX 1,400 ($19.34) in a report on Friday, December 1st. Finally, Credit Suisse Group reissued a neutral rating and issued a GBX 1,550 ($21.41) target price on shares of Anglo American in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,737.81 ($24.01).
Shares of LON AAL remained flat at $GBX 1,661 ($22.95) during mid-day trading on Friday. Anglo American has a 12-month low of GBX 950.10 ($13.13) and a 12-month high of GBX 1,870 ($25.84).
The business also recently announced a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 15th will be given a dividend of $0.54 per share. This represents a dividend yield of 2.16%. The ex-dividend date is Thursday, March 15th. This is an increase from Anglo American’s previous dividend of $0.48.
In other Anglo American news, insider Mark Cutifani sold 109,134 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of GBX 1,693 ($23.39), for a total transaction of £1,847,638.62 ($2,552,692.21).
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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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