Anglo American (LON:AAL) Hits New 1-Year High – What’s Next?

Shares of Anglo American plc (LON:AAL) hit a new 52-week high on Wednesday . The stock traded as high as GBX 3,367 and last traded at GBX 3,341, with a volume of 45254531 shares trading hands. The stock had previously closed at GBX 3,243.

Analysts Set New Price Targets

Several brokerages recently commented on AAL. Panmure Gordon reiterated a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. JPMorgan Chase & Co. upped their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Berenberg Bank lifted their target price on shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,603.33.

Anglo American Stock Up 0.5%

The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The stock’s 50-day moving average price is GBX 2,984.10 and its 200-day moving average price is GBX 2,664.90. The company has a market cap of £35.86 billion, a P/E ratio of -8.61, a PEG ratio of 2.05 and a beta of 1.10.

Insider Transactions at Anglo American

In other news, insider Stuart J. Chambers acquired 609 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was purchased at an average price of GBX 2,882 per share, for a total transaction of £17,551.38. Also, insider Nonkululeko Nyembezi bought 246 shares of the stock in a transaction dated Monday, December 22nd. The shares were purchased at an average cost of GBX 2,882 per share, for a total transaction of £7,089.72. Over the last ninety days, insiders bought 2,017 shares of company stock worth $5,773,639. 0.37% of the stock is currently owned by 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.