Anglo American (LON:AAL) Sets New 52-Week High – Here’s Why

Anglo American plc (LON:AAL)’s share price hit a new 52-week high during 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 traded. The stock had previously closed at GBX 4,190.

Analyst Ratings Changes

A number of research analysts have issued reports on AAL shares. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Berenberg Bank cut their price target on shares of 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 4,500 price target on shares of Anglo American in a research report on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 5,000 price objective on shares of Anglo American in a report on Tuesday, June 9th. Four 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,921.43.

Anglo American Trading Up 3.5%

The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 100.59. The firm has a 50 day moving average of GBX 3,841.45 and a 200 day moving average of GBX 3,693.21. The firm has a market cap of £46.45 billion, a PE ratio of -17.20, a P/E/G ratio of 2.05 and a beta of 0.99.

Insiders Place Their Bets

In other news, insider Nonkululeko Nyembezi purchased 194 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, for a total transaction of £7,226.50. Also, insider Magali Anderson acquired 213 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 3,725 per share, with a total value of £7,934.25. Insiders bought 912 shares of company stock valued at $3,398,289 over the last ninety days. 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.