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

Anglo American plc (LON:AAL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,332.65 ($28.55) and traded as high as GBX 2,471 ($30.24). Anglo American shares last traded at GBX 2,448 ($29.96), with a volume of 1,940,221 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAL. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anglo American in a research note on Friday, November 22nd. Citigroup reiterated a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. Finally, Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($25.70) price target on shares of Anglo American in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,715 ($33.23).

Anglo American Stock Performance

The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market cap of £29.83 billion, a P/E ratio of -2,370.67, a PEG ratio of 2.05 and a beta of 1.10. The stock has a 50-day simple moving average of GBX 2,396.81 and a 200-day simple moving average of GBX 2,332.65.

Insider Activity

In related news, insider Nonkululeko Nyembezi acquired 297 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 2,348 ($28.74) per share, with a total value of £6,973.56 ($8,535.57). 9.78% of the stock is currently owned by corporate insiders.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.