Anglo American (LON:AAL) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Anglo American plc (LON:AAL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,649.06 and traded as high as GBX 3,269. Anglo American shares last traded at GBX 3,237.94, with a volume of 1,406,552 shares.

Analyst Ratings Changes

AAL has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Panmure Gordon restated a “hold” rating and set a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. Finally, Berenberg Bank raised their price target on Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Anglo American presently has an average rating of “Hold” and an average target price of GBX 2,603.33.

Anglo American Stock Performance

The company has a 50 day moving average of GBX 2,960.19 and a two-hundred day moving average of GBX 2,649.06. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The company has a market capitalization of £34.56 billion, a PE ratio of -8.30, a PEG ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Magali Anderson purchased 273 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Stuart J. Chambers purchased 609 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of GBX 2,882 per share, with a total value of £17,551.38. Insiders bought 2,017 shares of company stock valued at $5,773,639 over the last 90 days. 0.37% of the stock is owned by corporate insiders.

Anglo American Company Profile

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.