Anglo American (LON:AAL) Sets New 12-Month Low – Here’s Why

Anglo American plc (LON:AAL)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 159.10 ($2.01) and last traded at GBX 2,490.50 ($31.43), with a volume of 9366582 shares trading hands. The stock had previously closed at GBX 2,522.50 ($31.84).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AAL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Anglo American from GBX 2,900 ($36.60) to GBX 2,700 ($34.08) and set a “buy” rating on the stock in a report on Monday, September 9th. Citigroup reiterated a “top pick” rating on shares of Anglo American in a research note on Thursday. Finally, Berenberg Bank restated a “sell” rating and set a GBX 2,100 ($26.51) price objective on shares of Anglo American in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,715 ($34.27).

Anglo American Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 62.94. The stock has a market cap of £29.77 billion, a P/E ratio of -2,365.87, a P/E/G ratio of 2.05 and a beta of 1.10. The company’s 50 day moving average price is GBX 2,391.98 and its 200-day moving average price is GBX 2,354.85.

Insiders Place Their Bets

In other news, insider Marcelo Bastos acquired 1,200 shares of Anglo American stock in a transaction dated Tuesday, September 24th. The shares were bought at an average cost of GBX 2,131 ($26.90) per share, with a total value of £25,572 ($32,275.65). In the last three months, insiders have purchased 1,214 shares of company stock valued at $2,587,104. 9.78% of the stock is currently owned by company insiders.

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.