Anglo American (LON:AAL) Sets New 12-Month High – Here’s What Happened

Anglo American plc (LON:AAL) reached a new 52-week high during trading on Thursday . The stock traded as high as £2,809 and last traded at GBX 2,816.17, with a volume of 12546207 shares traded. The stock had previously closed at GBX 2,795.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,600 price objective on shares of Anglo American in a report on Monday, July 28th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,760 price target on shares of Anglo American in a research report on Thursday, October 16th. Citigroup upped their price objective on Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Berenberg Bank upped their price objective 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, Royal Bank Of Canada decreased their target price on Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,532.

Anglo American Stock Performance

The stock has a market cap of £30.10 billion, a P/E ratio of -7.22, a PEG ratio of 2.05 and a beta of 1.10. The business has a 50 day moving average price of GBX 2,679.86 and a 200 day moving average price of GBX 2,344.33. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Buying and Selling

In related news, insider Stuart J. Chambers bought 642 shares of the company’s stock in a transaction on Monday, September 29th. The shares were acquired at an average price of GBX 2,731 per share, with a total value of £17,533.02. Also, insider Magali Anderson bought 255 shares of the company’s stock in a transaction on Monday, September 29th. The shares were bought at an average cost of GBX 2,731 per share, for a total transaction of £6,964.05. Insiders have bought a total of 1,188 shares of company stock valued at $3,235,917 over the last quarter. 0.43% of the stock is owned by corporate 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.