Anglo American (LON:AAL) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Anglo American plc (LON:AAL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,602.92 and traded as high as GBX 4,064. Anglo American shares last traded at GBX 4,033.38, with a volume of 2,932,955 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AAL. Berenberg Bank dropped their price target on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating on the stock in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 4,500 price objective on shares of Anglo American in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,000 target price on shares of Anglo American in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 3,921.43.

Anglo American Trading Up 1.4%

The stock has a fifty day moving average of GBX 3,766.17 and a two-hundred day moving average of GBX 3,602.92. The company has a market capitalization of £43.22 billion, a PE ratio of -16.01, a PEG ratio of 2.05 and a beta of 0.97. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59.

Insiders Place Their Bets

In other Anglo American news, insider Stuart J. Chambers purchased 487 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Nonkululeko Nyembezi acquired 194 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of GBX 3,725 per share, with a total value of £7,226.50. Over the last ninety days, insiders have acquired 912 shares of company stock valued at $3,399,843. 0.43% 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.