Anglo American (LON:AAL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Anglo American plc (LON:AAL) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,015.85 and traded as high as GBX 3,171. Anglo American shares last traded at GBX 3,130, with a volume of 42,300,734 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Berenberg Bank decreased their target price on Anglo American from GBX 4,200 to GBX 3,900 and set a “buy” rating for the company in a research note on Thursday, March 5th. JPMorgan Chase & Co. increased 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. Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 price target on shares of Anglo American in a report on Sunday, December 14th. UBS Group restated a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a research report on Friday, January 23rd. Finally, Citigroup upgraded Anglo American to a “buy” rating and upped their price objective for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,160.

Anglo American Stock Down 0.2%

The firm has a 50-day moving average price of GBX 3,424.43 and a two-hundred day moving average price of GBX 3,015.85. The company has a market capitalization of £33.41 billion, a P/E ratio of -9.48, a PEG ratio of 2.05 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60.

Insiders Place Their Bets

In related news, insider Magali Anderson bought 273 shares of Anglo American stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Nonkululeko Nyembezi acquired 246 shares of Anglo American stock in a transaction on Monday, December 22nd. The shares were purchased at an average cost of GBX 2,882 per share, for a total transaction of £7,089.72. Over the last ninety days, insiders acquired 1,653 shares of company stock valued at $4,852,146. 0.43% of the stock is owned by corporate insiders.

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.