Anglo American (LON:AAL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Anglo American plc (LON:AAL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,015.85 and traded as high as GBX 3,171. Anglo American shares last traded at GBX 3,130, with a volume of 42,300,734 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on AAL. UBS Group reaffirmed a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. Citigroup upgraded Anglo American to a “buy” rating and lifted their target price for the stock from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. JPMorgan Chase & Co. increased their price target 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. Berenberg Bank decreased their price objective on Anglo American from GBX 4,200 to GBX 3,900 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 price target on shares of Anglo American in a research note on Sunday, December 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,160.

Anglo American Stock Down 0.2%

The stock’s fifty day moving average is GBX 3,424.43 and its two-hundred day moving average is GBX 3,015.85. The company has a market cap of £33.41 billion, a price-to-earnings ratio of -9.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98.

Insider Transactions at Anglo American

In other Anglo American news, insider Anne Wade bought 525 shares of the business’s stock in a transaction on Monday, March 9th. The stock was purchased at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. Also, insider Stuart J. Chambers purchased 609 shares of Anglo American stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of GBX 2,882 per share, with a total value of £17,551.38. Insiders have purchased a total of 1,653 shares of company stock worth $4,852,146 over the last 90 days. 0.43% of the stock is owned by insiders.

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.