HSBC Holdings plc Reaffirms Buy Rating for Anglo American plc (AAL)
HSBC Holdings plc restated their buy rating on shares of Anglo American plc (LON:AAL) in a research report released on Wednesday. The firm currently has a GBX 1,630 ($21.66) price target on the mining company’s stock.
Other research analysts also recently issued reports about the stock. J P Morgan Chase & Co reissued an overweight rating and set a GBX 1,600 ($21.26) price objective (up from GBX 1,500 ($19.93)) on shares of Anglo American plc in a research report on Tuesday, July 25th. Jefferies Group LLC boosted their price objective on shares of Anglo American plc from GBX 1,000 ($13.29) to GBX 1,250 ($16.61) and gave the company a hold rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued an outperform rating and set a GBX 1,700 ($22.59) price objective on shares of Anglo American plc in a research report on Wednesday, August 9th. Deutsche Bank AG downgraded shares of Anglo American plc to a sell rating and boosted their price objective for the company from GBX 1,080 ($14.35) to GBX 1,250 ($16.61) in a research report on Monday, September 25th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 1,050 ($13.95) price objective on shares of Anglo American plc in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 1,350.31 ($17.94).
Shares of Anglo American plc (AAL) opened at 1432.00 on Wednesday. The stock’s 50 day moving average is GBX 1,386.22 and its 200 day moving average is GBX 1,196.23. Anglo American plc has a 52-week low of GBX 950.10 and a 52-week high of GBX 1,529.01. The firm’s market capitalization is GBX 18.52 billion.
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The company also recently declared a dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, August 10th were paid a $0.48 dividend. This represents a yield of 2.98%. The ex-dividend date was Thursday, August 10th.
In other news, insider Philip R. Hampton purchased 725 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of GBX 1,289 ($17.13) per share, for a total transaction of £9,345.25 ($12,417.29). In the last quarter, insiders purchased 759 shares of company stock worth $980,473.
About Anglo American plc
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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