Anglo American (AAL) PT Lowered to GBX 2,100

Anglo American (LON:AAL) had its price target cut by HSBC from GBX 2,120 ($27.70) to GBX 2,100 ($27.44) in a research report sent to investors on Monday, February 4th. They currently have a buy rating on the mining company’s stock.

A number of other equities research analysts have also weighed in on the stock. Barclays boosted their target price on shares of Anglo American from GBX 1,725 ($22.54) to GBX 1,850 ($24.17) and gave the stock an equal weight rating in a report on Friday, October 12th. Societe Generale raised shares of Anglo American to a buy rating and upped their price objective for the company from GBX 1,750 ($22.87) to GBX 1,890 ($24.70) in a research note on Thursday, October 25th. Goldman Sachs Group reduced their price objective on shares of Anglo American from GBX 2,250 ($29.40) to GBX 2,200 ($28.75) and set a conviction-buy rating on the stock in a research note on Friday, January 18th. Liberum Capital reaffirmed a sell rating on shares of Anglo American in a research note on Tuesday, January 15th. Finally, Royal Bank of Canada dropped their target price on shares of Anglo American from GBX 1,950 ($25.48) to GBX 1,750 ($22.87) and set an outperform rating on the stock in a research report on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Anglo American currently has an average rating of Hold and a consensus price target of GBX 1,935.63 ($25.29).

Shares of LON:AAL traded down GBX 3.50 ($0.05) during midday trading on Monday, hitting GBX 2,000 ($26.13). The stock had a trading volume of 2,613,753 shares, compared to its average volume of 6,120,000. Anglo American has a fifty-two week low of GBX 950.10 ($12.41) and a fifty-two week high of GBX 1,870 ($24.43).

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, March 14th. This represents a yield of 1.93%. This is a positive change from Anglo American’s previous dividend of $0.49.

In related news, insider Stuart J. Chambers purchased 547 shares of Anglo American stock in a transaction that occurred on Wednesday, December 19th. The stock was bought at an average price of GBX 1,731 ($22.62) per share, for a total transaction of £9,468.57 ($12,372.36).

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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Analyst Recommendations for Anglo American (LON:AAL)

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