Anglo American (LON:AAL) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Anglo American's shares have crossed above their 200-day moving average, indicating strong market performance with a last trading price of GBX 2,674.40 ($35.69).
• Recent analyst activity includes an upgrade by Berenberg Bank to a "hold" rating with a target price increase from GBX 1,900 to GBX 2,300, while Royal Bank of Canada decreased their target from GBX 2,000 to GBX 1,900.
• The company maintains a debt-to-equity ratio of 78.84 and a market capitalization of £28.58 billion, highlighting its substantial position in the mining sector.

Anglo American plc (LON:AAL - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,194.72 ($29.29) and traded as high as GBX 2,740 ($36.57). Anglo American shares last traded at GBX 2,674.40 ($35.69), with a volume of 3,087,921 shares traded.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of research analyst reports. Berenberg Bank raised 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. Royal Bank Of Canada cut their target price 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 report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 2,600 target price on shares of Anglo American in a research report on Monday, July 28th. 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 report on Monday, July 28th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 1,980 price objective on shares of Anglo American in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating and four have assigned 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 Price Performance

The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market capitalization of £28.58 billion, a P/E ratio of -685.29, a PEG ratio of 2.05 and a beta of 1.10. The company's 50 day simple moving average is GBX 2,298.86 and its two-hundred day simple moving average is GBX 2,194.72.

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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