Anglo American (AAL) Earns “Buy” Rating from HSBC

HSBC reiterated their buy rating on shares of Anglo American (LON:AAL) in a research note issued to investors on Wednesday, September 12th.

A number of other research analysts have also issued reports on AAL. Credit Suisse Group upped their price target on shares of Anglo American from GBX 1,720 ($22.40) to GBX 1,900 ($24.75) and gave the company a neutral rating in a research note on Wednesday, June 27th. JPMorgan Chase & Co. restated an overweight rating on shares of Anglo American in a research note on Wednesday, June 27th. Citigroup restated a neutral rating and set a GBX 1,950 ($25.40) price target on shares of Anglo American in a research note on Monday, June 18th. Morgan Stanley restated an overweight rating on shares of Anglo American in a research note on Friday, June 29th. Finally, Liberum Capital reiterated a sell rating on shares of Anglo American in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 1,869.69 ($24.35).

Anglo American stock traded down GBX 74 ($0.96) during mid-day trading on Wednesday, reaching GBX 1,669.20 ($21.74). 5,974,503 shares of the company traded hands, compared to its average volume of 6,120,000. Anglo American has a fifty-two week low of GBX 950.10 ($12.38) and a fifty-two week high of GBX 1,870 ($24.36).

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

In related news, insider Tony O’Neill acquired 1,611 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were acquired at an average cost of GBX 1,739 ($22.65) per share, with a total value of £28,015.29 ($36,492.50). Also, insider Stephen Pearce sold 95,928 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of GBX 1,700 ($22.14), for a total transaction of £1,630,776 ($2,124,236.03). In the last 90 days, insiders have purchased 1,630 shares of company stock worth $2,831,705.

Anglo American Company Profile

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.

Featured Story: Earnings Reports

Analyst Recommendations for Anglo American (LON:AAL)

Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply