Anglo American (LON:AAL) Shares Pass Above 200-Day Moving Average of $1,979.61

Anglo American plc (LON:AALGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,979.61 ($24.85) and traded as high as GBX 2,065 ($25.92). Anglo American shares last traded at GBX 2,048 ($25.71), with a volume of 3,681,125 shares.

Analysts Set New Price Targets

Several brokerages recently commented on AAL. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,500 ($31.38) target price on shares of Anglo American in a research note on Friday, February 9th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,600 ($20.09) target price on shares of Anglo American in a research note on Tuesday, March 26th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 2,630 ($33.02) target price on shares of Anglo American in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,493.33 ($31.30).

Read Our Latest Research Report on AAL

Anglo American Stock Up 0.3 %

The stock’s 50-day moving average price is GBX 1,829.27 and its two-hundred day moving average price is GBX 1,979.61. The stock has a market capitalization of £27.44 billion, a PE ratio of 11,377.78, a P/E/G ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 53.49, a quick ratio of 1.28 and a current ratio of 1.85.

Anglo American Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be given a $0.41 dividend. This represents a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 14th. Anglo American’s dividend payout ratio is presently 42,222.22%.

Insider Transactions at Anglo American

In other news, insider Duncan Wanblad sold 24,467 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.81), for a total value of £424,991.79 ($533,507.14). Insiders own 7.29% of the company’s stock.

About Anglo American

(Get Free Report)

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.

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