Anglo American (LON:AAL) Reaches New 12-Month High at $2,721.00

Anglo American plc (LON:AAL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 2,721 ($33.61) and last traded at GBX 2,691 ($33.24), with a volume of 42245162 shares traded. The stock had previously closed at GBX 2,560 ($31.62).

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AAL. Barclays restated an “overweight” rating and set a GBX 2,630 ($32.49) price objective on shares of Anglo American in a report on Friday, February 9th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,500 ($30.88) target price on shares of Anglo American in a research report on Friday, February 9th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Anglo American in a research report on Tuesday, April 9th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($19.76) target price on shares of Anglo American in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,493.33 ($30.80).

Anglo American Trading Up 5.4 %

The firm has a market capitalization of £36.17 billion, a P/E ratio of 14,222.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49. The firm’s 50-day simple moving average is GBX 1,946.93 and its 200-day simple moving average is GBX 1,976.90.

Anglo American Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 1.89%. Anglo American’s payout ratio is presently 42,222.22%.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Duncan Wanblad sold 24,467 shares of Anglo American stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total transaction of £424,991.79 ($524,940.45). In other Anglo American news, insider Duncan Wanblad sold 24,467 shares of Anglo American stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total transaction of £424,991.79 ($524,940.45). Also, insider John Heasley sold 12,085 shares of Anglo American stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.47), for a total transaction of £268,770.40 ($331,979.25). 7.23% of the stock is currently owned by company insiders.

About Anglo American

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.