Anglo American (LON:AAL) Shares Down 10.4% - What's Next?

Anglo American plc (LON:AAL - Get Free Report)'s share price dropped 10.4% during mid-day trading on Monday . The company traded as low as GBX 2,143 ($28.99) and last traded at GBX 2,220 ($30.03). Approximately 3,296,987 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,716,995 shares. The stock had previously closed at GBX 2,477.11 ($33.51).

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AAL. Berenberg Bank reiterated a "sell" rating and set a GBX 2,100 ($28.41) target price on shares of Anglo American in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on shares of Anglo American from GBX 2,160 ($29.22) to GBX 2,190 ($29.63) and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 2,522.50 ($34.12).

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 has a market cap of £33.71 billion, a P/E ratio of -20.42, a PEG ratio of 2.05 and a beta of 1.10. The firm's fifty day moving average price is GBX 2,079.87 and its 200-day moving average price is GBX 2,287.20.

Insiders Place Their Bets

In related news, insider John Heasley sold 18,877 shares of the business'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). In the last 90 days, insiders acquired 25 shares of company stock worth $54,658. 9.78% of the stock is currently owned by company insiders.

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.