Anglo American (LON:AAL) Sets New 12-Month High – Should You Buy?

Anglo American plc (LON:AAL) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,367 and last traded at GBX 3,341, with a volume of 45254531 shares traded. The stock had previously closed at GBX 3,243.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAL. JPMorgan Chase & Co. boosted their target price on 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. Berenberg Bank lifted their price target on Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 2,500 price objective on shares of Anglo American in a report on Sunday, December 14th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Anglo American currently has a consensus rating of “Hold” and a consensus target price of GBX 2,603.33.

Anglo American Price Performance

The company has a market cap of £35.78 billion, a PE ratio of -8.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The stock has a fifty day moving average price of GBX 2,963.74 and a 200-day moving average price of GBX 2,654.44. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

Insiders Place Their Bets

In other Anglo American news, insider Nonkululeko Nyembezi bought 246 shares of the stock in a transaction on Monday, December 22nd. The shares were bought at an average price of GBX 2,882 per share, with a total value of £7,089.72. Also, insider Marcelo Bastos bought 870 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of GBX 2,838 per share, for a total transaction of £24,690.60. Over the last quarter, insiders have bought 2,017 shares of company stock valued at $5,773,639. 0.37% of the stock is owned by insiders.

About Anglo American

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.