Anglo American (LON:AAL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Anglo American plc (LON:AAL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,335.91 ($29.40) and traded as high as GBX 2,532.50 ($31.88). Anglo American shares last traded at GBX 2,463 ($31.00), with a volume of 1,534,954 shares.

Wall Street Analyst Weigh In

Several research firms have commented on AAL. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Anglo American in a research note on Friday, November 22nd. Citigroup reissued a “top pick” rating on shares of Anglo American in a research note on Thursday, December 12th. Finally, Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($26.43) target price on shares of Anglo American in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,765 ($34.80).

Anglo American Price Performance

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 stock has a market cap of £37.46 billion, a P/E ratio of -22.68, a PEG ratio of 2.05 and a beta of 1.10. The firm’s fifty day moving average price is GBX 2,430.28 and its 200-day moving average price is GBX 2,335.91.

Insider Activity at Anglo American

In related news, insider Nonkululeko Nyembezi purchased 297 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of GBX 2,348 ($29.55) per share, for a total transaction of £6,973.56 ($8,777.29). 9.78% of the stock is currently owned by company 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.