Anglo American (LON:AAL) Shares Down 10.4% - Here's Why

Anglo American plc (LON:AAL - Get Free Report) shares fell 10.4% during trading on Tuesday . The stock traded as low as GBX 2,143 ($29.04) and last traded at GBX 2,220 ($30.09). 3,296,987 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 3,716,995 shares. The stock had previously closed at GBX 2,477.11 ($33.57).

Analyst Upgrades and Downgrades

AAL has been the topic of a number of research analyst reports. Berenberg Bank restated a "sell" rating and set a GBX 2,100 ($28.46) price target on shares of Anglo American in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on Anglo American from GBX 2,160 ($29.27) to GBX 2,190 ($29.68) and gave the stock a "neutral" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 2,522.50 ($34.18).

Anglo American Price Performance

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 stock's 50-day moving average price is GBX 2,075.41 and its 200-day moving average price is GBX 2,286.96. The company has a market capitalization of £34.88 billion, a price-to-earnings ratio of -21.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling

In related news, insider John Heasley sold 18,877 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of GBX 2,133 ($28.91), for a total value of £402,646.41 ($545,665.28). Insiders purchased 25 shares of company stock worth $54,658 in the last quarter. Insiders own 9.78% of the company's stock.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.