Anglo American (LON:AAL) Reaches New 52-Week High – What’s Next?

Anglo American plc (LON:AAL) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 4,341 and last traded at GBX 4,335, with a volume of 3749921 shares changing hands. The stock had previously closed at GBX 4,190.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAL. JPMorgan Chase & Co. upped their target price 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 4,500 price target on shares of Anglo American in a research note on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,000 price objective on shares of Anglo American in a report on Tuesday, June 9th. Finally, Berenberg Bank reduced their target price on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating on the stock in a report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 3,921.43.

Anglo American Trading Down 1.2%

The company has a market cap of £44.18 billion, a PE ratio of -16.36, a P/E/G ratio of 2.05 and a beta of 0.99. The stock’s 50 day moving average is GBX 3,862.54 and its 200-day moving average is GBX 3,702.48. The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 100.59.

Insider Transactions at Anglo American

In other Anglo American news, insider Stuart J. Chambers purchased 487 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Nonkululeko Nyembezi purchased 194 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, with a total value of £7,226.50. Insiders have acquired a total of 912 shares of company stock worth $3,398,289 in the last three months. Insiders own 0.37% of the company’s stock.

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.