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

Anglo American plc (LON:AAL - Get Free Report) shares traded down 10.4% during mid-day trading on Tuesday . The company traded as low as GBX 2,143 ($28.99) and last traded at GBX 2,220 ($30.03). 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 ($33.51).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Berenberg Bank reiterated a "sell" rating and issued a GBX 2,100 ($28.41) price target on shares of Anglo American in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Anglo American from GBX 2,160 ($29.22) to GBX 2,190 ($29.63) and gave the company a "neutral" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Anglo American has a consensus rating of "Moderate Buy" and an average target price of GBX 2,522.50 ($34.12).

Anglo American Stock Performance

The stock has a market capitalization of £33.71 billion, a price-to-earnings ratio of -20.42, a PEG ratio of 2.05 and a beta of 1.10. The stock's 50 day moving average is GBX 2,079.87 and its 200 day moving average is GBX 2,287.20. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84.

Insiders Place Their Bets

In other Anglo American news, insider John Heasley sold 18,877 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.86), for a total transaction of £402,646.41 ($544,705.64). Insiders have bought 25 shares of company stock valued at $54,658 in the last ninety days. 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.