Anglo American plc (AAL) Given “Buy” Rating at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Anglo American plc (LON:AAL) in a research note published on Friday, July 21st. Canaccord Genuity currently has a GBX 1,650 ($21.42) target price on the mining company’s stock.

AAL has been the topic of several other research reports. Barclays PLC cut their price objective on shares of Anglo American plc from GBX 1,240 ($16.10) to GBX 1,220 ($15.84) and set an equal weight rating on the stock in a report on Friday, March 24th. Citigroup Inc. dropped their price objective on shares of Anglo American plc from GBX 1,450 ($18.82) to GBX 1,400 ($18.17) and set a neutral rating on the stock in a research note on Monday, March 27th. HSBC Holdings plc reiterated a buy rating and set a GBX 1,500 ($19.47) target price on shares of Anglo American plc in a research report on Wednesday, April 5th. Liberum Capital restated a sell rating and issued a GBX 750 ($9.74) price objective on shares of Anglo American plc in a report on Tuesday, April 11th. Finally, BNP Paribas reiterated a neutral rating and set a GBX 1,270 ($16.49) price target on shares of Anglo American plc in a report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Anglo American plc presently has an average rating of Hold and an average target price of GBX 1,281.56 ($16.64).

Shares of Anglo American plc (AAL) traded up 0.08% on Friday, hitting GBX 1280.00. 3,984,333 shares of the stock traded hands. Anglo American plc has a 52 week low of GBX 765.10 and a 52 week high of GBX 1,529.01. The stock’s market cap is GBX 16.55 billion. The stock has a 50 day moving average price of GBX 1,171.97 and a 200-day moving average price of GBX 1,167.57.

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The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 2.98%.

In other news, insider Mphu Ramatlapeng purchased 283 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of GBX 982 ($12.75) per share, for a total transaction of £2,779.06 ($3,607.76). Also, insider John Parker purchased 62,696 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of GBX 1,057 ($13.72) per share, for a total transaction of £662,696.72 ($860,309.91). Insiders acquired 63,019 shares of company stock valued at $66,593,184 in the last ninety days.

Anglo American plc Company Profile

Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.

Analyst Recommendations for Anglo American plc (LON:AAL)

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