Anglo American (LON:AAL) Shares Cross Above 200-Day Moving Average of $2,049.07

Anglo American plc (LON:AAL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,049.07 ($26.04) and traded as high as GBX 2,668.39 ($33.91). Anglo American shares last traded at GBX 2,615 ($33.24), with a volume of 5,726,567 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AAL shares. Royal Bank of Canada raised their target price on shares of Anglo American from GBX 2,300 ($29.23) to GBX 3,100 ($39.40) and gave the stock an “outperform” rating in a research note on Monday, May 13th. Berenberg Bank lifted their price objective on shares of Anglo American from GBX 1,600 ($20.34) to GBX 3,000 ($38.13) and gave the company a “hold” rating in a research report on Wednesday, May 15th. Barclays reiterated an “overweight” rating and set a GBX 2,630 ($33.43) price objective on shares of Anglo American in a research report on Friday, February 9th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Anglo American in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,500 ($31.77) price objective on shares of Anglo American in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,793.33 ($35.50).

Anglo American Stock Performance

The business’s fifty day moving average is GBX 2,320.82 and its two-hundred day moving average is GBX 2,051.22. The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49. The stock has a market capitalization of £31.64 billion, a PE ratio of 14,527.78, a price-to-earnings-growth ratio of 2.53 and a beta of 1.22.

Insider Activity at Anglo American

In related news, insider John Heasley sold 12,085 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.27), for a total value of £268,770.40 ($341,599.39). In related news, insider John Heasley sold 12,085 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.27), for a total value of £268,770.40 ($341,599.39). Also, insider Duncan Wanblad sold 24,467 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($22.08), for a total transaction of £424,991.79 ($540,152.25). 7.28% of the stock is currently owned by insiders.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.