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

Anglo American plc (LON:AAL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,341.50 and traded as high as GBX 2,755. Anglo American shares last traded at GBX 2,735.93, with a volume of 5,446,476 shares.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAL shares. Royal Bank Of Canada dropped their price objective on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating for the company in a report on Monday, August 4th. Citigroup raised their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a report on Monday, July 28th. Berenberg Bank raised their price objective on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,760 price objective on shares of Anglo American in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,600 price objective on shares of Anglo American in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 2,532.

Anglo American Trading Up 0.3%

The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The firm has a market cap of £29.48 billion, a price-to-earnings ratio of -7.07, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The business’s fifty day moving average is GBX 2,669.02 and its two-hundred day moving average is GBX 2,341.50.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi acquired 259 shares of Anglo American stock in a transaction on Monday, September 29th. The shares were purchased at an average cost of GBX 2,731 per share, with a total value of £7,073.29. Also, insider Stuart J. Chambers acquired 642 shares of Anglo American stock in a transaction on Monday, September 29th. The stock was acquired at an average cost of GBX 2,731 per share, for a total transaction of £17,533.02. Over the last ninety days, insiders have acquired 1,188 shares of company stock valued at $3,235,917. 0.43% of the stock is currently owned by insiders.

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.