Anglo American (LON:AAL) Reaches New 52-Week High – Should You Buy?

Anglo American plc (LON:AAL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,239 and last traded at GBX 4,057, with a volume of 1857398 shares. The stock had previously closed at GBX 3,988.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AAL shares. JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th. Berenberg Bank cut their price target on Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 3,437.14.

Anglo American Price Performance

The company has a 50-day simple moving average of GBX 3,635.48 and a 200-day simple moving average of GBX 3,348.66. The stock has a market cap of £43.47 billion, a PE ratio of -12.29, a PEG ratio of 2.05 and a beta of 0.96. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Transactions at Anglo American

In other Anglo American news, insider Anne Wade acquired 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. Insiders acquired a total of 549 shares of company stock valued at $1,685,981 in the last three months. Corporate insiders own 0.43% of the company’s stock.

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.