Anglo American (LON:AAL) Hits New 1-Year High – Still a Buy?

Anglo American plc (LON:AAL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 4,239 and last traded at GBX 4,057, with a volume of 1857398 shares changing hands. The stock had previously closed at GBX 3,988.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AAL shares. JPMorgan Chase & Co. boosted their price objective on shares of Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th. Citigroup upgraded shares of Anglo American to a “buy” rating and boosted their price objective for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. Finally, Berenberg Bank decreased their price objective on shares of Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Anglo American currently has an average rating of “Hold” and a consensus price target of GBX 3,165.71.

Anglo American Trading Up 1.7%

The firm’s 50 day simple moving average is GBX 3,585.63 and its two-hundred day simple moving average is GBX 3,330.39. The stock has a market cap of £43.47 billion, a P/E ratio of -12.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Anne Wade acquired 525 shares of Anglo American stock in a transaction dated Monday, March 9th. The stock was bought at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. In the last three months, insiders have bought 549 shares of company stock worth $1,685,981. Company 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.