Anglo American (LON:AAL) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Anglo American plc (LON:AAL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,332.65 ($28.38) and traded as high as GBX 2,471 ($30.06). Anglo American shares last traded at GBX 2,448 ($29.78), with a volume of 1,940,221 shares traded.

Analyst Ratings Changes

AAL has been the subject of several recent research reports. Citigroup reissued a “top pick” rating on shares of Anglo American in a research note on Thursday, December 12th. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,100 ($25.55) target price on shares of Anglo American in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and an average price target of GBX 2,715 ($33.03).

Anglo American Price Performance

The stock has a market cap of £31.18 billion, a PE ratio of -2,477.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The stock’s fifty day moving average is GBX 2,401.74 and its 200-day moving average is GBX 2,334.89. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Buying and Selling at Anglo American

In other news, insider Nonkululeko Nyembezi purchased 297 shares of Anglo American stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of GBX 2,348 ($28.57) per share, with a total value of £6,973.56 ($8,484.68). 9.78% of the stock is currently owned by company insiders.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.