Anglo American (LON:AAL) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Anglo American plc (LON:AAL) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,649.63 and traded as high as GBX 4,167. Anglo American shares last traded at GBX 4,118, with a volume of 29,767,506 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 4,500 price target on shares of Anglo American in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a research note on Friday, July 10th. Berenberg Bank dropped their target price 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,000 target price on shares of Anglo American in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,921.43.

Anglo American Price Performance

The stock has a market cap of £45.22 billion, a PE ratio of -16.75, a P/E/G ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 100.59, a quick ratio of 1.27 and a current ratio of 2.21. The business has a 50 day moving average price of GBX 3,772.88 and a two-hundred day moving average price of GBX 3,652.92.

Insider Activity at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi bought 194 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of GBX 3,725 per share, for a total transaction of £7,226.50. Also, insider Stuart J. Chambers bought 487 shares of Anglo American stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of GBX 3,725 per share, with a total value of £18,140.75. In the last three months, insiders have bought 912 shares of company stock worth $3,398,289. Company insiders own 0.43% of the company’s stock.

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.