Royal Bank of Canada Cuts Anglo Pacific Group (LON:APF) Price Target to GBX 320

Anglo Pacific Group (LON:APFGet Rating) had its target price lowered by Royal Bank of Canada from GBX 340 ($4.17) to GBX 320 ($3.92) in a report published on Tuesday morning, reports. The brokerage currently has an outperform rating on the stock.

APF has been the topic of several other reports. Beaufort Securities lowered their price target on Anglo Pacific Group from GBX 400 ($4.90) to GBX 390 ($4.78) and set a buy rating on the stock in a report on Thursday, July 28th. Berenberg Bank raised their target price on Anglo Pacific Group from GBX 300 ($3.68) to GBX 450 ($5.51) and gave the stock a buy rating in a report on Thursday, July 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of GBX 300 ($3.68).

Anglo Pacific Group Price Performance

LON APF opened at GBX 155.60 ($1.91) on Tuesday. The business’s fifty day moving average price is GBX 152.69 and its 200-day moving average price is GBX 158.04. The stock has a market capitalization of £401.22 million and a price-to-earnings ratio of 1,037.33. The company has a debt-to-equity ratio of 31.58, a current ratio of 4.85 and a quick ratio of 4.81. Anglo Pacific Group has a 1-year low of GBX 119.41 ($1.46) and a 1-year high of GBX 192.67 ($2.36).

Anglo Pacific Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a GBX 1.75 ($0.02) dividend. The ex-dividend date is Wednesday, October 5th. This represents a yield of 1.11%. Anglo Pacific Group’s dividend payout ratio is currently 81.70%.

About Anglo Pacific Group

(Get Rating)

Anglo Pacific Group plc operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. Anglo Pacific Group plc was incorporated in 1967 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Anglo Pacific Group (LON:APF)

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