Anglo American (LON:AAL) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,679.37 and traded as high as GBX 4,188. Anglo American shares last traded at GBX 4,152.28, with a volume of 8,333,570 shares.

Analyst Upgrades and Downgrades

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

Anglo American Price Performance

The business’s 50-day simple moving average is GBX 3,822.24 and its two-hundred day simple moving average is GBX 3,684. The stock has a market cap of £44.40 billion, a price-to-earnings ratio of -16.44, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 100.59, a current ratio of 2.21 and a quick ratio of 1.27.

Insider Activity at Anglo American

In other news, insider Magali Anderson bought 213 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought 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 company’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 3,725 per share, for a total transaction of £18,140.75. Over the last quarter, insiders have bought 912 shares of company stock worth $3,398,289. 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.