Anglo American (LON:AAL) Sets New 12-Month High - Still a Buy?

Key Points

• Anglo American's stock hit a new 52-week high at GBX 2,740, with a recent trading position at GBX 2,674.40 after a significant volume of over 3 million shares exchanged hands.
• Analyst ratings for Anglo American show a mixed outlook, with one Buy rating, four Hold ratings, and a consensus price target of GBX 2,216.
• The company focuses on sustainable mining practices and is a key player in the production of copper and iron ore, aiming to support decarbonization and improve living standards globally.

Anglo American plc (LON:AAL - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 2,740 ($36.57) and last traded at GBX 2,674.40 ($35.69), with a volume of 3087921 shares changing hands. The stock had previously closed at GBX 2,671 ($35.65).

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on shares of 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. Berenberg Bank upgraded shares of Anglo American to a "hold" rating and boosted their target price for the stock from GBX 1,900 to GBX 2,300 in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,600 price objective on shares of Anglo American in a research note on Monday, July 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 1,980 price objective on shares of Anglo American in a research note on Wednesday, August 20th. Finally, Citigroup boosted their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a "neutral" rating 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 stock. According to data from MarketBeat.com, Anglo American has a consensus rating of "Hold" and a consensus price target of GBX 2,216.

Anglo American Trading Up 0.1%

The firm's 50 day simple moving average is GBX 2,298.86 and its 200-day simple moving average is GBX 2,194.72. The company has a market capitalization of £28.58 billion, a PE ratio of -685.29, 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.

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.

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