Anglo American (LON:AAL) Sets New 1-Year High – Here’s Why

Anglo American plc (LON:AAL) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 3,073 and last traded at GBX 3,072, with a volume of 29779660 shares trading hands. The stock had previously closed at GBX 3,012.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAL shares. Berenberg Bank lifted their price target on Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research note on Thursday, October 30th. Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a research report on Sunday, December 14th. Finally, JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,603.33.

Anglo American Trading Up 2.4%

The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50-day moving average of GBX 2,861.10 and a 200-day moving average of GBX 2,531.97. The firm has a market cap of £32.90 billion, a price-to-earnings ratio of -7.90, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling

In other news, insider Magali Anderson bought 273 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average cost of GBX 2,882 per share, with a total value of £7,867.86. Also, insider Marcelo Bastos bought 870 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of GBX 2,838 per share, for a total transaction of £24,690.60. Insiders bought 2,025 shares of company stock worth $5,796,911 over the last 90 days. Company insiders own 0.43% of the company’s stock.

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.