Anglo American (LON:AAL) Sets New 12-Month High - Should You Buy?

Key Points

• Anglo American plc's shares reached a new 52-week high of GBX 2,843 ($38.33) before closing at GBX 2,809 ($37.87), indicating positive trading momentum with a volume of over two million shares.
• Analysts have mixed opinions on the stock, with JPMorgan retaining a "neutral" rating and a target price of GBX 1,980, while Deutsche Bank maintains a "buy" rating with a target of GBX 2,600.
• Insider transactions included purchases by insiders Stuart J. Chambers and Nonkululeko Nyembezi, indicating confidence in the company's potential, as they bought shares at an average price of GBX 2,731.

Shares of Anglo American plc (LON:AAL - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 2,843 ($38.33) and last traded at GBX 2,809 ($37.87), with a volume of 2430324 shares. The stock had previously closed at GBX 2,820 ($38.02).

Wall Street Analyst Weigh In

AAL has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 1,980 price target on shares of Anglo American in a research report on Wednesday, August 20th. Citigroup upped their price target on shares of 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 shares of Anglo American to a "hold" rating and upped their target price for the company from GBX 1,900 to GBX 2,300 in a report on Tuesday, September 9th. Royal Bank Of Canada dropped their price target on Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,600 price objective 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, Anglo American currently has an average rating of "Hold" and a consensus price target of GBX 2,216.

Anglo American Stock Performance

The stock's 50 day moving average price is GBX 2,363.99 and its two-hundred day moving average price is GBX 2,215.98. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The firm has a market capitalization of £30.02 billion, a price-to-earnings ratio of -719.78, a PEG ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling at Anglo American

In related news, insider Stuart J. Chambers purchased 642 shares of Anglo American stock in a transaction dated Monday, September 29th. The stock was bought at an average cost of GBX 2,731 per share, for a total transaction of £17,533.02. Also, insider Nonkululeko Nyembezi purchased 259 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was purchased at an average price of GBX 2,731 per share, for a total transaction of £7,073.29. Over the last three months, insiders purchased 1,187 shares of company stock valued at $3,228,346. Corporate insiders own 0.43% of the company's stock.

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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