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

Anglo American plc (LON:AAL) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be paid 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 a positive change from Anglo American’s previous dividend of $0.41. The official announcement can be accessed at this link.

Anglo American Stock Up 3.6 %

LON:AAL opened at GBX 2,347 ($30.35) on Friday. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 53.49. The stock has a 50 day moving average of GBX 2,436.33 and a 200-day moving average of GBX 2,165.05. The firm has a market capitalization of £28.40 billion, a PE ratio of 12,583.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.22. Anglo American has a 52 week low of GBX 1,630 ($21.08) and a 52 week high of GBX 2,813 ($36.38).

Insiders Place Their Bets

In other news, insider Stuart J. Chambers purchased 694 shares of the stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of GBX 2,464 ($31.87) per share, for a total transaction of £17,100.16 ($22,116.09). Insiders bought 704 shares of company stock worth $1,735,051 over the last ninety days. Company insiders own 9.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAL shares. Citigroup restated a “buy” rating and set a GBX 3,000 ($38.80) price objective on shares of Anglo American in a research note on Friday, May 31st. Royal Bank of Canada increased their price objective on shares of Anglo American from GBX 2,300 ($29.75) to GBX 3,100 ($40.09) and gave the stock an “outperform” rating in a report on Monday, May 13th. Bank of America reissued a “buy” rating and set a GBX 3,100 ($40.09) target price on shares of Anglo American in a research note on Wednesday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Anglo American from GBX 2,735 ($35.37) to GBX 2,590 ($33.50) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Finally, Berenberg Bank lifted their price target on Anglo American from GBX 2,000 ($25.87) to GBX 2,100 ($27.16) and gave the company a “sell” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Anglo American has an average rating of “Moderate Buy” and an average price target of GBX 2,765 ($35.76).

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.