Anglo American (LON:AAL) Hits New 52-Week High – Here’s What Happened

Anglo American plc (LON:AAL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,280 and last traded at GBX 4,247, with a volume of 34899191 shares trading hands. The stock had previously closed at GBX 4,203.

Analysts Set New Price Targets

AAL has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,000 price target on shares of Anglo American in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 4,500 price target on shares of Anglo American in a report on Friday, July 31st. Finally, Berenberg Bank reduced their price objective on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating for the company in a report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Anglo American has a consensus rating of “Hold” and a consensus target price of GBX 3,921.43.

Anglo American Stock Up 1.2%

The firm’s 50-day moving average price is GBX 3,772.88 and its 200 day moving average price is GBX 3,652.92. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59. The company has a market capitalization of £45.56 billion, a price-to-earnings ratio of -16.87, a PEG ratio of 2.05 and a beta of 0.97.

Insider Activity at Anglo American

In other news, insider Nonkululeko Nyembezi acquired 194 shares of the stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of GBX 3,725 per share, for a total transaction of £7,226.50. Also, insider Magali Anderson bought 213 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of GBX 3,725 per share, with a total value of £7,934.25. Insiders have bought 912 shares of company stock valued at $3,398,289 over the last three months. 0.43% of the stock is owned by 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.