Goldman Sachs Group Reaffirms Buy Rating for Anglo American (LON:AAL)

Goldman Sachs Group reiterated their buy rating on shares of Anglo American (LON:AAL) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup reissued a buy rating and issued a GBX 2,300 ($30.05) price target on shares of Anglo American in a research note on Thursday, May 16th. Societe Generale raised Anglo American to a buy rating in a research note on Thursday, May 23rd. Barclays reissued an equal weight rating and issued a GBX 2,000 ($26.13) price target on shares of Anglo American in a research note on Tuesday. UBS Group reaffirmed a sell rating on shares of Anglo American in a research note on Friday, July 26th. Finally, Liberum Capital reaffirmed a hold rating on shares of Anglo American in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 2,128 ($27.81).

Shares of AAL stock opened at GBX 1,696.20 ($22.16) on Tuesday. The stock has a market cap of $23.71 billion and a price-to-earnings ratio of 5.30. The stock has a 50-day moving average of GBX 2,076.22 and a 200-day moving average of GBX 2,034.31. The company has a current ratio of 2.30, a quick ratio of 1.55 and a debt-to-equity ratio of 33.15. Anglo American has a 1-year low of GBX 1,433.80 ($18.74) and a 1-year high of GBX 2,294 ($29.98).



The firm also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 2.23%. This is a boost from Anglo American’s previous dividend of $0.51. Anglo American’s dividend payout ratio (DPR) is currently 0.28%.

In other news, insider Stuart J. Chambers purchased 4,650 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were acquired at an average price of GBX 2,157 ($28.19) per share, for a total transaction of £100,300.50 ($131,060.37). Also, insider Byron Elmer Grote purchased 1,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of GBX 2,214 ($28.93) per share, for a total transaction of £22,140 ($28,929.83). Insiders have purchased 7,657 shares of company stock valued at $17,331,296 in the last ninety days.

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 iron; and nickel and manganese ores, as well as alloys.

Read More: Trading Stocks – What are percentage gainers?

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.