Anglo American (LON:AAL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL)’s stock price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 3,723.86 and traded as low as GBX 3,670. Anglo American shares last traded at GBX 3,717, with a volume of 8,150,004 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a report on Friday, July 10th. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,300 target price on shares of Anglo American in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Anglo American from GBX 4,700 to GBX 3,900 and set a “buy” rating for the company in a report on Wednesday, October 21st. Four research 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, Anglo American currently has an average rating of “Hold” and a consensus target price of GBX 3,864.29.

Anglo American Price Performance

The stock has a fifty day moving average price of GBX 4,016.26 and a 200-day moving average price of GBX 3,723.86. The company has a market cap of £39.83 billion, a PE ratio of -14.75, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The company has a debt-to-equity ratio of 100.59, a current ratio of 2.21 and a quick ratio of 1.27.

Insider Activity

In other Anglo American news, insider Stuart J. Chambers purchased 446 shares of the stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of GBX 4,067 per share, for a total transaction of £18,138.82. Also, insider Magali Anderson purchased 196 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average cost of GBX 4,067 per share, for a total transaction of £7,971.32. Over the last quarter, insiders have acquired 841 shares of company stock worth $3,417,995. 0.37% 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.