Anglo American (LON:AAL) Hits New 12-Month High - Here's Why

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)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 2,608 ($35.55) and last traded at GBX 2,555 ($34.82), with a volume of 3630066 shares traded. The stock had previously closed at GBX 2,536 ($34.56).

Analyst Ratings Changes

A number of research firms recently commented on AAL. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 1,980 price target on shares of Anglo American in a research report on Wednesday, August 20th. Citigroup increased their price target 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. Berenberg Bank raised Anglo American to a "hold" rating and increased their price target for the company from GBX 1,900 to GBX 2,300 in a research report on Tuesday, September 9th. Royal Bank Of Canada lowered their price target on Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,600 price target on shares of Anglo American in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 2,216.

Anglo American Trading Down 2.2%

The firm has a 50 day simple moving average of GBX 2,257.15 and a 200 day simple moving average of GBX 2,185.74. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market cap of £26.91 billion, a P/E ratio of -645.34, a P/E/G ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In related news, insider Stuart J. Chambers bought 859 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 2,044 per share, for a total transaction of £17,557.96. Also, insider Magali Anderson purchased 341 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average price of GBX 2,044 per share, with a total value of £6,970.04. Insiders purchased a total of 1,590 shares of company stock worth $3,259,166 in the last quarter. 0.43% of the stock is owned by company insiders.

About Anglo American

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.