Marcelo Bastos Buys 1,200 Shares of Anglo American plc (LON:AAL) Stock

Anglo American plc (LON:AAL) insider Marcelo Bastos purchased 1,200 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of GBX 2,131 ($28.54) per share, for a total transaction of £25,572 ($34,242.10).

Anglo American Trading Up 6.2 %

LON AAL opened at GBX 2,439.50 ($32.67) on Friday. The business’s fifty day moving average is GBX 2,202.94 and its 200-day moving average is GBX 2,286.97. 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 stock has a market capitalization of £29.52 billion, a price-to-earnings ratio of -2,368.45, a PEG ratio of 1.91 and a beta of 1.10. Anglo American plc has a one year low of GBX 1,630 ($21.83) and a one year high of GBX 2,813 ($37.67).

Anglo American Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be given a $0.42 dividend. This is a positive change from Anglo American’s previous dividend of $0.41. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.46%. Anglo American’s payout ratio is currently -6,310.68%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AAL shares. Berenberg Bank reiterated a “sell” rating and set a GBX 2,100 ($28.12) price objective on shares of Anglo American in a report on Friday, July 26th. Citigroup restated a “buy” rating and issued a GBX 3,000 ($40.17) target price on shares of Anglo American in a report on Friday, May 31st. JPMorgan Chase & Co. decreased their price target on Anglo American from GBX 2,735 ($36.62) to GBX 2,590 ($34.68) and set an “overweight” rating for the company in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Anglo American from GBX 2,900 ($38.83) to GBX 2,700 ($36.15) and set a “buy” rating on the stock in a research note on Monday, September 9th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($41.51) target price on shares of Anglo American in a report on Wednesday, June 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.com, Anglo American currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($36.36).

Anglo American Company Profile

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.