Anglo American (LON:AAL) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Anglo American plc (LON:AAL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,042.57 and traded as high as GBX 3,111. Anglo American shares last traded at GBX 3,058.44, with a volume of 65,711,953 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAL shares. Citigroup raised shares of Anglo American to a “buy” rating and boosted their price objective for the company from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Panmure Gordon reaffirmed a “hold” rating and set a GBX 2,500 target price on shares of Anglo American in a research report on Sunday, December 14th. Berenberg Bank decreased their price target on shares of 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. boosted their price target on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, UBS Group reissued a “buy” rating and issued a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,160.

Anglo American Trading Down 3.6%

The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market capitalization of £32.64 billion, a P/E ratio of -9.27, a PEG ratio of 2.05 and a beta of 0.90. The company’s fifty day simple moving average is GBX 3,400.75 and its 200-day simple moving average is GBX 3,042.57.

Insider Activity

In other Anglo American news, insider Anne Wade acquired 525 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of GBX 3,050 per share, with a total value of £16,012.50. Insiders have purchased 534 shares of company stock worth $1,628,853 in the last 90 days. 0.43% of the stock is currently owned by company 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.