Anglo American (LON:AAL) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Anglo American plc (LON:AAL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,840.10 and traded as high as GBX 3,682. Anglo American shares last traded at GBX 3,613.82, with a volume of 3,336,129 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup upgraded shares of Anglo American to a “buy” rating and increased their price target for the company from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. Panmure Gordon restated 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. lifted their price target on shares of 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. Berenberg Bank boosted their price target on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Anglo American currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,045.71.

Anglo American Price Performance

The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market capitalization of £38.40 billion, a PE ratio of -9.22, a P/E/G ratio of 2.05 and a beta of 1.10. The company’s 50-day simple moving average is GBX 3,249.65 and its 200-day simple moving average is GBX 2,840.10.

Insider Buying and Selling

In related news, insider Stuart J. Chambers acquired 609 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Magali Anderson bought 273 shares of the stock in a transaction on Monday, December 22nd. The stock was bought at an average price of GBX 2,882 per share, for a total transaction of £7,867.86. Insiders have purchased a total of 1,138 shares of company stock valued at $3,279,316 over the last quarter. 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.