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

Anglo American plc (LON:AAL - Get Free Report)'s share price was down 10.4% during mid-day trading on Monday . The stock traded as low as GBX 2,143 ($29.04) and last traded at GBX 2,220 ($30.09). Approximately 3,296,987 shares traded 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 ($33.57).

Analyst Upgrades and Downgrades

AAL has been the topic of several research analyst reports. Berenberg Bank reiterated 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 price objective on shares of Anglo American from GBX 2,160 ($29.27) to GBX 2,190 ($29.68) and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,522.50 ($34.18).

Anglo American Trading Up 1.9%

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 £33.79 billion, a PE ratio of -20.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The stock has a 50-day moving average of GBX 2,075.82 and a 200 day moving average of GBX 2,286.95.

Insider Buying and Selling

In related news, insider John Heasley sold 18,877 shares of Anglo American stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.91), for a total value of £402,646.41 ($545,665.28). Insiders purchased a total of 25 shares of company stock worth $54,658 in the last 90 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.