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

Anglo American plc (LON:AAL)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,944.45 and traded as high as GBX 3,558. Anglo American shares last traded at GBX 3,510, with a volume of 491,685,688 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on AAL shares. Citigroup raised shares of Anglo American to a “buy” rating and lifted their target price for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. UBS Group reiterated a “buy” rating and set a GBX 3,500 target price on shares of Anglo American in a research report on Friday, January 23rd. Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a research report on Sunday, December 14th. JPMorgan Chase & Co. boosted their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Berenberg Bank dropped their price objective on Anglo American from GBX 4,200 to GBX 3,900 and set a “buy” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,160.

Anglo American Trading Down 2.6%

The stock has a market capitalization of £35.12 billion, a PE ratio of -9.97, a PEG ratio of 2.05 and a beta of 0.90. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60. The business’s 50-day moving average is GBX 3,409.94 and its two-hundred day moving average is GBX 2,956.07.

Insider Transactions at Anglo American

In related news, insider Nonkululeko Nyembezi bought 246 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, for a total transaction of £7,089.72. Also, insider Magali Anderson purchased 273 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. Insiders purchased 1,138 shares of company stock valued at $3,279,316 over the last quarter. Company insiders own 0.37% of the company’s stock.

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.