Anglo American (LON:AAL) share price up 6.6%

Shares in Anglo American plc ( LON:AAL – Get Free Report ) were up 6.6% in mid-day trading on Tuesday. The company traded as high as GBX 2,298 ($30.77) and last traded at GBX 2,263.50 ($30.31). About 3,909,935 shares traded hands during trading, down 43% from the average daily volume of 6,913,702 shares. Shares previously closed at GBX 2,122.50 ($28.42).

Analyst upgrades and downgrades

A number of research firms have weighed in on AAL. Deutsche Bank Aktiengesellschaft cut their price target on Anglo American from GBX 2,900 ($38.83) to GBX 2,700 ($36.15) and set a “buy” rating for the company in a report on Monday, 9 September. JPMorgan Chase & Co. reduced their price objective on shares of Anglo American from GBX 2,735 ($36.62) to GBX 2,590 ($34.68) and set an “overweight” rating for the company in a research note on Wednesday, 3 July. Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($41.51) price target on shares of Anglo American in a research note on Wednesday, June 26th. Citigroup restated a “buy” rating and set a GBX 3,000 ($40.17) target price on shares of Anglo American in a research report on Friday, May 31st. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($28.12) target price on shares of Anglo American in a report on Friday, July 26th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Anglo American presently has an average rating of “Moderate Buy” and an average target price of GBX 2,715 ($36.36), according to MarketBeat.com .

Check out our latest research report on Anglo American

Anglo American Trading rose 6.6%

The stock’s 50-day simple moving average is GBX 2,203.17, and its 200-day simple moving average is GBX 2,283.28. The firm has a market cap of £27.39 billion, a PE ratio of -2,197.57, a PEG ratio of 1.91 and a beta of 1.10. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28, and a current ratio of 1.98.

Anglo American increases dividend

The company also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be given a $0.42 dividend. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 15. This is an increase on Anglo American’s previous dividend of $0.41. Anglo American’s dividend payout ratio is currently -6,310.68%.

Anglo American Company Profile

(Get a free report)

Anglo American plc operates as a mining company in the United Kingdom and internationally. Explores 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, United Kingdom.

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