Anglo American (LON:AAL) Hits New 12-Month High - Time to Buy?

Key Points

• Anglo American plc reached a new 12-month high of GBX 2,608 ($35.42), with a current trading price of GBX 2,555 ($34.70), reflecting increased interest in the stock.
• Analysts have mixed views, with Citigroup and Berenberg Bank upgrading their ratings, while overall consensus remains a "Hold" with a target price of GBX 2,216.
• Insider transactions indicate confidence as corporate insiders have purchased 1,579 shares valued at over $3 million within the last three months.

Anglo American plc (LON:AAL - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 2,608 ($35.42) and last traded at GBX 2,555 ($34.70), with a volume of 3630066 shares changing hands. The stock had previously closed at GBX 2,536 ($34.44).

Analyst Upgrades and Downgrades

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

Anglo American Stock Performance

The firm has a market capitalization of £27.30 billion, a price-to-earnings ratio of -654.69, a P/E/G ratio of 2.05 and a beta of 1.10. 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 50-day moving average price of GBX 2,229.45 and a 200 day moving average price of GBX 2,180.46.

Insider Activity at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi purchased 347 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of GBX 2,044 per share, with a total value of £7,092.68. Also, insider Magali Anderson purchased 341 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 per share, with a total value of £6,970.04. Insiders acquired 1,579 shares of company stock valued at $3,231,325 over the last three months. 0.43% of the stock is owned by corporate 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.

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