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Anglo Asian Mining ( (GB:AAZ) ) has shared an announcement.
Anglo Asian Mining plc has addressed administrative non-compliance issues related to historical dividend distributions and share buy-backs between 2018 and 2022, which were not in accordance with the Companies Act. The company has proposed resolutions to rectify these issues, including deeds of release for directors and shareholders, and a buy-back deed with SP Angel Corporate Finance LLP. These measures ensure no financial penalties and maintain the company’s dividend policy, with no impact on its financial outlook.
The most recent analyst rating on (GB:AAZ) stock is a Hold with a £180.00 price target. To see the full list of analyst forecasts on Anglo Asian Mining stock, see the GB:AAZ Stock Forecast page.
Spark’s Take on GB:AAZ Stock
According to Spark, TipRanks’ AI Analyst, GB:AAZ is a Neutral.
The overall stock score for Anglo Asian Mining is primarily impacted by its poor financial performance, with significant challenges in revenue, profitability, and cash flow. While technical analysis shows some positive momentum, the negative valuation metrics due to lack of profitability and dividend yield weigh heavily on the score. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:AAZ stock, click here.
More about Anglo Asian Mining
Anglo Asian Mining plc is a gold, copper, and silver producer with a portfolio of production and exploration assets in Azerbaijan. The company aims to transition to a multi-asset, mid-tier copper and gold producer by 2030, with copper expected to become its principal product. It plans to achieve this through the development of new mines, including Xarxar, Garadag, and Zafar, alongside the newly opened Gilar and Demirli mines.
Average Trading Volume: 108,241
Technical Sentiment Signal: Buy
Current Market Cap: £228.5M
For a thorough assessment of AAZ stock, go to TipRanks’ Stock Analysis page.