Anglo American Announces 2024 Dividend Reinvestment Plan Results

Anglo American ( (GB:AAL) ) has provided an announcement.

Anglo American plc announced the results of its Dividend Reinvestment Plan (DRIP) for the 2024 final dividend. Shareholders had the option to receive their dividends in the form of additional shares instead of cash. A small percentage of shareholders in the UK and South Africa opted for shares, with 1.77% and 0.89% of the company’s issued share capital participating, respectively. No participation was recorded from Botswanan shareholders. The shares were acquired from the market rather than being newly issued, maintaining the company’s total issued share capital at 1,337,577,913 ordinary shares.

The most recent analyst rating on (GB:AAL) stock is a Hold with a £2270.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.

Spark’s Take on GB:AAL Stock

According to Spark, TipRanks’ AI Analyst, GB:AAL is a Neutral.

Anglo American’s overall stock score of 63 reflects a combination of strategic transformations and financial challenges. The company’s focus on operational efficiencies and asset optimization is positive but is offset by current profitability issues and valuation concerns. The emphasis on cost savings and strategic partnerships in the earnings call, along with significant corporate restructuring, highlights a potential path to improved performance.

To see Spark’s full report on GB:AAL stock, click here.

More about Anglo American

Anglo American plc is a major player in the mining industry, primarily engaged in the extraction and processing of minerals and metals. The company focuses on producing a diverse range of products including diamonds, copper, platinum group metals, and iron ore, serving a global market.

Average Trading Volume: 4,616,782

Technical Sentiment Signal: Sell

Current Market Cap: £25.46B

See more data about AAL stock on TipRanks’ Stock Analysis page.