Anglo American (LON:AAL) Shares Cross Above 200 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 3,422.08 and traded as high as GBX 4,125. Anglo American shares last traded at GBX 4,052, with a volume of 497,034,688 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,000 target price on shares of Anglo American in a research note on Tuesday, June 9th. Berenberg Bank boosted their target price on shares of Anglo American from GBX 4,000 to GBX 4,200 and gave the company a “buy” rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Anglo American from GBX 2,780 to GBX 3,160 and gave the company an “underweight” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,657.50.

Anglo American Trading Down 0.9%

The company’s 50-day moving average is GBX 3,769.46 and its 200-day moving average is GBX 3,422.08. The firm has a market cap of £43.42 billion, a price-to-earnings ratio of -12.28, a P/E/G ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98.

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.