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

Anglo American plc (LON:AAL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,084 and last traded at GBX 4,059, with a volume of 23125328 shares trading hands. The stock had previously closed at GBX 3,898.

Analyst Ratings Changes

Several equities analysts recently commented on AAL shares. UBS Group reissued a “buy” rating and issued a GBX 3,500 target price on shares of Anglo American in a report on Friday, January 23rd. Citigroup raised Anglo American to a “buy” rating and increased their target price for the company from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. Berenberg Bank increased their target price on Anglo American from GBX 3,600 to GBX 4,100 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Anglo American from GBX 2,770 to GBX 2,780 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Anglo American presently has a consensus rating of “Hold” and an average price target of GBX 3,125.71.

Anglo American Stock Performance

The firm has a fifty day simple moving average of GBX 3,411.61 and a 200-day simple moving average of GBX 3,227.41. The company has a market cap of £43.36 billion, a PE ratio of -12.26, 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 bought 525 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. Insiders have bought a total of 542 shares of company stock worth $1,657,589 in the last three months. 0.43% of the stock is currently owned by corporate 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.