Anglo American (LON:AAL) Reaches New 1-Year High – Time to Buy?

Anglo American plc (LON:AAL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 3,884.50 and last traded at GBX 3,876.50, with a volume of 79112531 shares changing hands. The stock had previously closed at GBX 3,827.50.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Anglo American from GBX 2,770 to GBX 2,780 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. UBS Group restated a “buy” rating and issued a GBX 3,500 price target on shares of Anglo American in a research report on Friday, January 23rd. Berenberg Bank boosted their price target on shares of 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. Finally, Citigroup upgraded shares of Anglo American to a “buy” rating and boosted their price target for the stock from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 3,125.71.

Anglo American Price Performance

The stock’s fifty day simple moving average is GBX 3,400.72 and its 200 day simple moving average is GBX 3,198.50. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of £41.93 billion, a P/E ratio of -11.86, a P/E/G ratio of 2.05 and a beta of 0.94.

Insiders Place Their Bets

In other Anglo American news, insider Anne Wade purchased 525 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. In the last 90 days, insiders have purchased 542 shares of company stock valued at $1,657,589. 0.37% of the stock is currently owned by corporate 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.