Anglo American (LON:AAL) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,422.08 and traded as high as GBX 4,125. Anglo American shares last traded at GBX 4,052, with a volume of 497,034,688 shares.

Analyst Ratings Changes

AAL has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,000 price target on shares of Anglo American in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on Anglo American from GBX 2,780 to GBX 3,160 and gave the company an “underweight” rating in a research note on Tuesday, May 26th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 4,200 price objective on shares of Anglo American in a report on Thursday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Anglo American presently has a consensus rating of “Hold” and an average target price of GBX 3,657.50.

Anglo American Trading Down 2.6%

The company has a 50 day simple moving average of GBX 3,800.86 and a 200 day simple moving average of GBX 3,439.50. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 86.09. The stock has a market capitalization of £43.08 billion, a PE ratio of -12.18, a P/E/G ratio of 2.05 and a beta of 0.98.

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.