Anglo American (LON:AAL) Share Price Passes Above 200 Day Moving Average of $1,971.19

Anglo American plc (LON:AAL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,971.19 ($24.35) and traded as high as GBX 2,151.50 ($26.57). Anglo American shares last traded at GBX 2,111 ($26.07), with a volume of 5,556,790 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AAL shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Anglo American in a research note on Tuesday, April 9th. Barclays reissued an “overweight” rating and issued a GBX 2,630 ($32.49) price target on shares of Anglo American in a report on Friday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,500 ($30.88) target price on shares of Anglo American in a report on Friday, February 9th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($19.76) price objective on shares of Anglo American in a report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,493.33 ($30.80).

Anglo American Price Performance

The company has a market cap of £28.29 billion, a price-to-earnings ratio of 11,727.78, a PEG ratio of 1.76 and a beta of 1.30. 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’s 50-day simple moving average is GBX 1,921.91 and its 200 day simple moving average is GBX 1,971.19.

Anglo American Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 1.89%. 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 stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total transaction of £424,991.79 ($524,940.45). In other Anglo American news, insider John Heasley sold 12,085 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($27.47), for a total value of £268,770.40 ($331,979.25). Also, insider Duncan Wanblad sold 24,467 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,737 ($21.46), for a total transaction of £424,991.79 ($524,940.45). Corporate insiders own 7.23% of the company’s stock.

Anglo American Company Profile

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.