Anglo American (LON:AAL) Stock Crosses Above 200-Day Moving Average – Here’s Why

Anglo American plc (LON:AAL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,602.92 and traded as high as GBX 4,064. Anglo American shares last traded at GBX 4,033.38, with a volume of 2,932,955 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAL. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Berenberg Bank lowered their target price on shares of Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 4,500 price target on shares of Anglo American in a report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,000 price target on shares of Anglo American in a report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,921.43.

Anglo American Stock Performance

The stock has a market cap of £43.22 billion, a PE ratio of -16.01, a P/E/G ratio of 2.05 and a beta of 0.97. The firm’s 50-day moving average is GBX 3,766.17 and its 200 day moving average is GBX 3,602.92. The company has a debt-to-equity ratio of 100.59, a quick ratio of 1.27 and a current ratio of 2.21.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Magali Anderson bought 213 shares of Anglo American stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of GBX 3,725 per share, with a total value of £7,934.25. Also, insider Stuart J. Chambers bought 487 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 3,725 per share, with a total value of £18,140.75. Over the last three months, insiders have acquired 912 shares of company stock worth $3,399,843. 0.43% of the stock is owned by company 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.