Anglo American (LON:AAL) Reaches New 52-Week High – Here’s What Happened

Anglo American plc (LON:AAL)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 3,281 and last traded at GBX 3,256, with a volume of 52807168 shares. The stock had previously closed at GBX 3,188.34.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AAL shares. Berenberg Bank raised their target price on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Panmure Gordon reissued a “hold” rating and set a GBX 2,500 price objective on shares of Anglo American in a report on Sunday, December 14th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 2,603.33.

Anglo American Trading Up 2.2%

The firm has a market capitalization of £34.76 billion, a PE ratio of -8.35, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The company’s 50-day simple moving average is GBX 2,907.02 and its 200 day simple moving average is GBX 2,605.39.

Insider Activity

In other Anglo American news, insider Magali Anderson acquired 273 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was purchased at an average price of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Nonkululeko Nyembezi acquired 246 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of GBX 2,882 per share, with a total value of £7,089.72. Over the last three months, insiders purchased 2,025 shares of company stock worth $5,796,911. 0.37% of the stock is currently owned by insiders.

About Anglo American

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.