Anglo American (LON:AAL) Sets New 12-Month Low – Here’s Why

Anglo American plc (LON:AAL) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 159.10 ($2.01) and last traded at GBX 2,490.50 ($31.43), with a volume of 9366582 shares changing hands. The stock had previously closed at GBX 2,522.50 ($31.84).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Friday, November 22nd. Citigroup reissued a “top pick” rating on shares of Anglo American in a research note on Thursday. Berenberg Bank reiterated a “sell” rating and set a GBX 2,100 ($26.51) price objective on shares of Anglo American in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Anglo American from GBX 2,900 ($36.60) to GBX 2,700 ($34.08) and set a “buy” rating for the company in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,715 ($34.27).

Anglo American Stock Performance

The firm has a market cap of £29.77 billion, a P/E ratio of -2,365.87, a PEG ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94. The company’s 50-day moving average is GBX 2,391.98 and its two-hundred day moving average is GBX 2,354.85.

Insider Activity

In other news, insider Marcelo Bastos bought 1,200 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average price of GBX 2,131 ($26.90) per share, with a total value of £25,572 ($32,275.65). Insiders have purchased 1,214 shares of company stock worth $2,587,104 over the last 90 days. 9.78% of the stock is currently owned by corporate insiders.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.