Anglo American (OTCMKTS:AAUKF) Stock Passes Below Fifty Day Moving Average of $39.27

Anglo American plc (OTCMKTS:AAUKF – Get Rating) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $39.27 and traded as low as $30.06. Anglo American shares last traded at $30.10, with a volume of 454 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut shares of Anglo American to a “sell” rating and set a $30.30 price target on the stock. in a research report on Thursday, December 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,489.86.

Anglo American Stock Performance

The business’s 50-day simple moving average is $39.27 and its two-hundred day simple moving average is $36.41.

About Anglo American

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Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.