Anglo American (LON:AAL) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Anglo American's shares have surpassed their 200-day moving average, trading at GBX 2,963.48 ($39.52) after hitting a high of GBX 2,999 ($40.00).
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and target prices ranging from GBX 1,900 to GBX 3,000.
• Insider purchases indicate confidence, as they bought a total of 1,180 shares valued at approximately $3.2 million in the last quarter.

Shares of Anglo American plc (LON:AAL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,235.89 ($29.82) and traded as high as GBX 2,999 ($40.00). Anglo American shares last traded at GBX 2,963.48 ($39.52), with a volume of 14,362,775 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup boosted their target price on 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 1,980 target price on shares of Anglo American in a research report on Wednesday, August 20th. Royal Bank Of Canada cut 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 note on Monday, August 4th. Berenberg Bank raised Anglo American to a "buy" rating and lifted their target price for the stock from GBX 2,300 to GBX 3,000 in a report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,600 price objective on shares of Anglo American in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 2,356.

Anglo American Stock Up 2.9%

The company has a market capitalization of £31.67 billion, a price-to-earnings ratio of -759.36, a PEG ratio of 2.05 and a beta of 1.10. 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 business has a 50-day simple moving average of GBX 2,438.72 and a two-hundred day simple moving average of GBX 2,235.89.

Insiders Place Their Bets

In related news, insider Nonkululeko Nyembezi purchased 259 shares of the company's stock in a transaction dated Monday, September 29th. The shares were acquired at an average cost of GBX 2,731 per share, for a total transaction of £7,073.29. Also, insider Magali Anderson bought 255 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average price of GBX 2,731 per share, for a total transaction of £6,964.05. Insiders have bought a total of 1,180 shares of company stock valued at $3,212,645 in the last quarter. 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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