Anglo American (LON:AAL) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Anglo American shares have surpassed their 200-day moving average, indicating potential upward momentum, but currently trade at GBX 2,162.24 ($29.17).
• Equities analysts have mixed views on the stock, with recent price targets ranging from GBX 1,900 to GBX 2,600 and an average rating of "Hold".
• Insider transactions reveal confidence, as executives purchased shares recently, with insiders owning 9.78% of the company stock.

Anglo American plc (LON:AAL - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,195.96 ($29.54) and traded as high as GBX 2,211 ($29.75). Anglo American shares last traded at GBX 2,162.24 ($29.09), with a volume of 7,490,842 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AAL shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,600 price objective on shares of Anglo American in a research note on Monday, July 28th. 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 for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. reissued 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 reissued a "sell" rating and issued a GBX 1,900 price objective on shares of Anglo American in a research note on Thursday, July 24th. Finally, Citigroup raised their target price on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Anglo American presently has a consensus rating of "Hold" and a consensus price target of GBX 2,136.

Anglo American Trading Down 0.4%

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 business's fifty day simple moving average is GBX 2,176.55 and its two-hundred day simple moving average is GBX 2,188.45. The company has a market cap of £33.03 billion, a price-to-earnings ratio of -20.00, a PEG ratio of 2.05 and a beta of 1.10.

Insider Transactions at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi bought 347 shares of the stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average cost of GBX 2,044 per share, for a total transaction of £7,092.68. Also, insider Magali Anderson acquired 341 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of GBX 2,044 per share, for a total transaction of £6,970.04. Over the last ninety days, insiders have acquired 1,579 shares of company stock worth $3,231,325. Insiders own 9.78% of the company's stock.

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.