JPMorgan Chase & Co. reiterated their overweight rating on shares of Anglo American (LON:AAL) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 2,300 ($30.05) target price on the mining company’s stock, up from their previous target price of GBX 2,250 ($29.40).

A number of other brokerages have also recently commented on AAL. Deutsche Bank raised Anglo American to a buy rating and upped their price target for the company from GBX 2,000 ($26.13) to GBX 2,400 ($31.36) in a research report on Tuesday, April 2nd. Liberum Capital reiterated a sell rating on shares of Anglo American in a research note on Tuesday, April 2nd. Macquarie reiterated an outperform rating and set a GBX 2,020 ($26.39) price objective on shares of Anglo American in a research note on Friday, February 22nd. Oddo Securities boosted their price objective on Anglo American from GBX 1,800 ($23.52) to GBX 1,900 ($24.83) and gave the company a neutral rating in a research note on Monday, February 25th. Finally, DZ Bank boosted their price objective on Anglo American from GBX 1,480 ($19.34) to GBX 1,570 ($20.51) and gave the company a sell rating in a research note on Monday, February 25th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 2,010.63 ($26.27).

Shares of LON AAL opened at GBX 2,226 ($29.09) on Monday. Anglo American has a one year low of GBX 1,433.80 ($18.74) and a one year high of GBX 2,180 ($28.49). The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.25 and a current ratio of 1.95. The firm has a market cap of $28.19 billion and a PE ratio of 8.12.

The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be paid a $0.51 dividend. This is a positive change from Anglo American’s previous dividend of $0.49. This represents a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 14th. Anglo American’s dividend payout ratio is currently 0.28%.

In other Anglo American news, insider Marcelo Bastos bought 940 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were acquired at an average cost of GBX 2,119 ($27.69) per share, for a total transaction of £19,918.60 ($26,027.18). Also, insider Stuart J. Chambers bought 473 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of GBX 2,001 ($26.15) per share, for a total transaction of £9,464.73 ($12,367.35). Insiders acquired a total of 1,420 shares of company stock worth $2,952,116 over the last 90 days.

Anglo American Company Profile

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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