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

Anglo American plc (LON:AAL - Get Free Report) traded down 10.4% during trading on Monday . The stock traded as low as GBX 2,143 ($28.99) and last traded at GBX 2,220 ($30.03). 3,296,987 shares were traded 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).

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Berenberg Bank reaffirmed a "sell" rating and issued a GBX 2,100 ($28.41) target price on shares of Anglo American in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective 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 research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,522.50 ($34.12).

Anglo American Trading Down 3.3%

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 stock's 50-day simple moving average is GBX 2,079.87 and its 200-day simple moving average is GBX 2,287.20. The firm has a market capitalization of £33.71 billion, a PE ratio of -20.42, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling at Anglo American

In other news, insider John Heasley sold 18,877 shares of the business's stock in a transaction on 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 ninety days, insiders have purchased 25 shares of company stock valued at $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.