Anglo American (LON:AAL) Hits New 1-Year High on Insider Buying Activity

Key Points

• Anglo American's share price reached a new 52-week high of GBX 2,814 ($37.84) amid significant insider buying activity, with notable purchases made by insiders on September 29th.
• Equities research analysts have mixed opinions on Anglo American, with a consensus rating of "Hold" and a price target averaging GBX 2,216.
• The company has a market cap of £29.70 billion and is focused on responsible production of copper and iron ore, aiming to meet future demand for decarbonization and food security.

Anglo American plc (LON:AAL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 2,814 ($37.84) and last traded at GBX 2,779.43 ($37.37), with a volume of 6426266 shares trading hands. The stock had previously closed at GBX 2,785 ($37.45).

Specifically, insider Stuart J. Chambers acquired 642 shares of Anglo American stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average cost of GBX 2,731 per share, with a total value of £17,533.02. Also, insider Magali Anderson bought 255 shares of Anglo American stock in a transaction dated Monday, September 29th. The shares were bought at an average cost of GBX 2,731 per share, for a total transaction of £6,964.05. In other news, insider Nonkululeko Nyembezi bought 259 shares of the stock in a transaction on Monday, September 29th. The stock was bought at an average cost of GBX 2,731 per share, for a total transaction of £7,073.29.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AAL shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 1,980 price objective on shares of Anglo American in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their price objective on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Citigroup upped their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,600 target price on shares of Anglo American in a report on Monday, July 28th. Finally, Berenberg Bank upgraded shares of Anglo American to a "hold" rating and upped their price objective for the stock from GBX 1,900 to GBX 2,300 in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 2,216.

Anglo American Trading Down 0.2%

The firm has a market cap of £29.70 billion, a PE ratio of -712.20, a P/E/G ratio of 2.05 and a beta of 1.10. The company's fifty day moving average price is GBX 2,325.07 and its two-hundred day moving average price is GBX 2,203.91. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

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.

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