Anglo American (AAL) Upgraded to Buy by Liberum Capital

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Liberum Capital upgraded shares of Anglo American (LON:AAL) to a buy rating in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.

AAL has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Anglo American from GBX 2,290 ($29.92) to GBX 2,250 ($29.40) and set an overweight rating for the company in a research report on Monday, March 4th. BNP Paribas restated a neutral rating on shares of Anglo American in a research report on Thursday, March 21st. Credit Suisse Group upgraded shares of Anglo American to an outperform rating and boosted their price objective for the company from GBX 1,610 ($21.04) to GBX 2,350 ($30.71) in a research report on Monday, May 6th. HSBC downgraded shares of Anglo American to a hold rating and boosted their price objective for the company from GBX 2,200 ($28.75) to GBX 2,340 ($30.58) in a research report on Tuesday, April 16th. Finally, Deutsche Bank boosted their price objective on shares of Anglo American from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) and gave the company a hold rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Anglo American currently has an average rating of Hold and an average price target of GBX 2,112.67 ($27.61).

Shares of AAL opened at GBX 1,948.40 ($25.46) on Friday. Anglo American has a one year low of GBX 1,433.80 ($18.74) and a one year high of GBX 2,229.50 ($29.13). The company has a market cap of $24.87 billion and a price-to-earnings ratio of 7.11. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.95 and a quick ratio of 1.25.

The business also recently declared a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Anglo American’s previous dividend of $0.49. This represents a dividend yield of 1.93%. Anglo American’s dividend payout ratio is 0.28%.

In related news, insider Marcelo Bastos acquired 940 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was acquired at an average cost of GBX 2,119 ($27.69) per share, for a total transaction of £19,918.60 ($26,027.18). Also, insider Stephen Pearce sold 45,952 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of GBX 2,010 ($26.26), for a total value of £923,635.20 ($1,206,892.98). Insiders have bought 1,428 shares of company stock valued at $2,967,284 over the last quarter.

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.

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Analyst Recommendations for Anglo American (LON:AAL)

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