Anglo American (LON:AAL) Hits New 52-Week High at $2,721.00

Anglo American plc (LON:AAL) reached a new 52-week high during trading on Friday . The company traded as high as GBX 2,721 ($33.61) and last traded at GBX 2,691 ($33.24), with a volume of 42245162 shares. The stock had previously closed at GBX 2,560 ($31.62).

Analysts Set New Price Targets

AAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Anglo American in a research note on Tuesday, April 9th. Barclays restated an “overweight” rating and set a GBX 2,630 ($32.49) target price on shares of Anglo American in a research report on Friday, February 9th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($19.76) price target on shares of Anglo American in a report on Tuesday, March 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,500 ($30.88) price target on shares of Anglo American in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,493.33 ($30.80).

Anglo American Stock Up 3.2 %

The business has a 50-day moving average price of GBX 1,963.74 and a 200 day moving average price of GBX 1,978.31. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 53.49. The stock has a market capitalization of £35.42 billion, a P/E ratio of 14,683.33, a P/E/G ratio of 1.76 and a beta of 1.30.

Anglo American Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 14th. This represents a yield of 1.89%. Anglo American’s dividend payout ratio (DPR) is currently 42,222.22%.

Insiders Place Their Bets

In other news, insider John Heasley sold 12,085 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($27.47), for a total transaction of £268,770.40 ($331,979.25). In other news, insider John Heasley sold 12,085 shares of Anglo American stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($27.47), for a total value of £268,770.40 ($331,979.25). Also, insider Duncan Wanblad sold 24,467 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total value of £424,991.79 ($524,940.45). Corporate insiders own 7.23% of the company’s stock.

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.