Deutsche Bank Aktiengesellschaft Trims Anglo American (LON:AAL) Target Price to GBX 2,700

Anglo American (LON:AAL) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 2,900 ($37.92) to GBX 2,700 ($35.31) in a report published on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the mining company’s stock.

Other research analysts have also issued research reports about the stock. Bank of America restated a buy rating and issued a GBX 3,100 ($40.54) price target on shares of Anglo American in a research report on Wednesday, June 26th. JPMorgan Chase & Co. reduced their price objective on Anglo American from GBX 2,735 ($35.77) to GBX 2,590 ($33.87) and set an overweight rating for the company in a research note on Wednesday, July 3rd. Citigroup reaffirmed a buy rating and set a GBX 3,000 ($39.23) target price on shares of Anglo American in a research report on Friday, May 31st. Royal Bank of Canada upped their target price on Anglo American from GBX 2,300 ($30.08) to GBX 3,100 ($40.54) and gave the company an outperform rating in a report on Monday, May 13th. Finally, Berenberg Bank reissued a sell rating and issued a GBX 2,100 ($27.46) price target on shares of Anglo American in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 2,715 ($35.50).

Anglo American Stock Performance

Shares of AAL opened at GBX 2,002.50 ($26.19) on Monday. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The firm’s 50 day moving average is GBX 2,245.56 and its 200-day moving average is GBX 2,263.96. Anglo American has a 12-month low of GBX 1,630 ($21.32) and a 12-month high of GBX 2,813 ($36.79). The stock has a market capitalization of £24.23 billion, a P/E ratio of -1,944.17, a P/E/G ratio of 1.75 and a beta of 1.10.

Anglo American Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.46%. This is a positive change from Anglo American’s previous dividend of $0.41. Anglo American’s payout ratio is currently -6,407.77%.

Insider Activity

In other news, insider Stuart J. Chambers purchased 694 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of GBX 2,464 ($32.22) per share, for a total transaction of £17,100.16 ($22,361.92). Insiders have bought 706 shares of company stock worth $1,737,272 over the last 90 days. 9.85% of the stock is 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.