Anglo American (LON:AAL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Anglo American plc (LON:AAL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,785.95 and traded as high as GBX 3,627. Anglo American shares last traded at GBX 3,576.20, with a volume of 3,731,649 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Berenberg Bank increased their price target on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. UBS Group reiterated a “buy” rating and set a GBX 3,500 target price on shares of Anglo American in a report on Friday, January 23rd. Citigroup raised Anglo American to a “buy” rating and raised their price target for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. Finally, Panmure Gordon reiterated a “hold” rating and set a GBX 2,500 price target on shares of Anglo American in a research report on Sunday, December 14th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,045.71.

Anglo American Price Performance

The stock has a market capitalization of £38.17 billion, a PE ratio of -9.16, 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. The firm’s fifty day moving average price is GBX 3,172.70 and its two-hundred day moving average price is GBX 2,785.95.

Insider Buying and Selling

In related news, insider Stuart J. Chambers bought 609 shares of the stock in a transaction dated Monday, December 22nd. The shares were purchased at an average price of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Marcelo Bastos purchased 870 shares of Anglo American stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of GBX 2,838 per share, for a total transaction of £24,690.60. Insiders bought 2,017 shares of company stock valued at $5,773,639 in the last 90 days. Corporate insiders own 0.37% 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.