JPMorgan Chase & Co. Cuts Anglo American (LON:AAL) Price Target to GBX 2,230

Anglo American (LON:AAL) had its target price decreased by JPMorgan Chase & Co. from GBX 2,280 ($29.79) to GBX 2,230 ($29.14) in a research report sent to investors on Monday, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated a top pick rating on shares of Anglo American in a report on Friday, July 26th. HSBC upgraded shares of Anglo American to a buy rating in a report on Tuesday, May 28th. Barclays restated an equal weight rating and set a GBX 2,000 ($26.13) target price on shares of Anglo American in a report on Thursday, July 4th. Societe Generale upgraded shares of Anglo American to a buy rating in a report on Thursday, May 23rd. Finally, Liberum Capital restated a hold rating on shares of Anglo American in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Anglo American presently has an average rating of Hold and an average price target of GBX 2,128 ($27.81).

Shares of LON:AAL opened at GBX 1,696.20 ($22.16) on Monday. The stock has a market capitalization of $23.71 billion and a price-to-earnings ratio of 5.30. Anglo American has a 1-year low of GBX 1,433.80 ($18.74) and a 1-year high of GBX 2,294 ($29.98). The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.55 and a current ratio of 2.30. The company has a 50 day moving average price of GBX 2,076.22 and a 200 day moving average price of GBX 2,034.31.

The company also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be given a $0.62 dividend. This represents a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.51. Anglo American’s dividend payout ratio is 0.28%.

In related news, insider Byron Elmer Grote bought 2,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average price of GBX 2,536 ($33.14) per share, for a total transaction of £50,720 ($66,274.66). Also, insider Stuart J. Chambers bought 4,650 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was bought at an average price of GBX 2,157 ($28.19) per share, with a total value of £100,300.50 ($131,060.37). In the last 90 days, insiders purchased 7,657 shares of company stock valued at $17,331,296.

About Anglo American

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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