Anglo American (LON:AAL) Shares Cross Above 200 Day Moving Average – What’s Next?

Anglo American plc (LON:AAL)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 3,814.36 and traded as high as GBX 4,198. Anglo American shares last traded at GBX 4,173.03, with a volume of 1,844,156 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAL. Berenberg Bank reduced their price objective on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating for the company in a research note 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, JPMorgan Chase & Co. raised their price target on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,921.43.

Anglo American Stock Down 1.1%

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 market capitalization of £43.65 billion, a PE ratio of -16.17, a P/E/G ratio of 2.05 and a beta of 0.95. The firm’s 50 day moving average price is GBX 4,065.71 and its two-hundred day moving average price is GBX 3,821.48.

Insider Activity

In other Anglo American news, insider Magali Anderson acquired 196 shares of Anglo American stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of GBX 4,067 per share, with a total value of £7,971.32. Also, insider Nonkululeko Nyembezi purchased 178 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of GBX 4,067 per share, with a total value of £7,239.26. Insiders purchased 834 shares of company stock worth $3,388,959 over the last three months. Corporate insiders own 0.37% 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.