Anglo American (LON:AAL) Hits New 1-Year High – What’s Next?

Anglo American plc (LON:AAL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,281 and last traded at GBX 3,256, with a volume of 52807168 shares changing hands. The stock had previously closed at GBX 3,188.34.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAL. Panmure Gordon reiterated a “hold” rating and issued a GBX 2,500 price objective on shares of Anglo American in a research note on Sunday, December 14th. Berenberg Bank lifted their price target on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,603.33.

Anglo American Stock Performance

The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The company’s fifty day simple moving average is GBX 2,922.94 and its two-hundred day simple moving average is GBX 2,619.76. The stock has a market cap of £34.33 billion, a price-to-earnings ratio of -8.24, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling at Anglo American

In related news, insider Nonkululeko Nyembezi acquired 246 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was purchased at an average cost of GBX 2,882 per share, with a total value of £7,089.72. Also, insider Stuart J. Chambers acquired 609 shares of the stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, with a total value of £17,551.38. Over the last 90 days, insiders have purchased 2,017 shares of company stock worth $5,773,639. 0.37% of the stock is currently owned by 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.