Anglo American (LON:AAL) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Anglo American plc (LON:AAL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,332.65 ($28.38) and traded as high as GBX 2,471 ($30.06). Anglo American shares last traded at GBX 2,448 ($29.78), with a volume of 1,940,221 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on AAL. Berenberg Bank reissued a “sell” rating and issued a GBX 2,100 ($25.55) price objective on shares of Anglo American in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. Finally, Citigroup restated a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,715 ($33.03).

Anglo American Trading Up 4.8 %

The stock has a fifty day moving average of GBX 2,401.74 and a 200-day moving average of GBX 2,334.89. The company has a market cap of £31.18 billion, a PE ratio of -2,477.80, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98.

Insider Transactions at Anglo American

In related news, insider Nonkululeko Nyembezi bought 297 shares of Anglo American stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of GBX 2,348 ($28.57) per share, with a total value of £6,973.56 ($8,484.68). Corporate insiders own 9.78% of the company’s stock.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.