Anglo American (LON:AAL) Reaches New 52-Week High – What’s Next?

Anglo American plc (LON:AAL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,084 and last traded at GBX 4,059, with a volume of 23125328 shares traded. The stock had previously closed at GBX 3,898.

Analysts Set New Price Targets

A number of research analysts have commented on AAL shares. Citigroup upgraded Anglo American to a “buy” rating and upped their price target for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,770 to GBX 2,780 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a research report on Friday, January 23rd. Finally, Berenberg Bank upped their price objective on Anglo American from GBX 3,600 to GBX 4,100 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Anglo American currently has a consensus rating of “Hold” and a consensus target price of GBX 3,125.71.

Anglo American Stock Up 3.8%

The business has a 50-day moving average price of GBX 3,411.61 and a two-hundred day moving average price of GBX 3,227.41. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60. The firm has a market cap of £43.36 billion, a PE ratio of -12.26, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96.

Insider Buying and Selling at Anglo American

In related news, insider Anne Wade acquired 525 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average price of GBX 3,050 per share, with a total value of £16,012.50. Insiders acquired a total of 542 shares of company stock worth $1,657,589 over the last 90 days. 0.43% of the stock is currently 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.