Anglo American (LON:AAL) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Anglo American plc (LON:AAL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,413.61 and traded as high as GBX 2,810. Anglo American shares last traded at GBX 2,774, with a volume of 3,355,090 shares trading hands.

Analysts Set New Price Targets

AAL has been the subject of several recent analyst reports. Berenberg Bank increased their price objective 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. Royal Bank Of Canada lowered their target price on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,760 target price on shares of Anglo American in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,532.

Anglo American Price Performance

The stock has a fifty day moving average of GBX 2,791.92 and a 200-day moving average of GBX 2,413.61. The firm has a market capitalization of £29.65 billion, a P/E ratio of -7.11, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Activity at Anglo American

In related news, insider Nonkululeko Nyembezi acquired 259 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was purchased at an average price of GBX 2,731 per share, for a total transaction of £7,073.29. Also, insider Marcelo Bastos acquired 870 shares of Anglo American stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of GBX 2,838 per share, for a total transaction of £24,690.60. Insiders have purchased a total of 2,054 shares of company stock valued at $5,702,472 over the last ninety days. Company insiders own 0.43% of the company’s stock.

About Anglo American

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.