Anglo American (LON:AAL) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Anglo American's share price has risen above its 200-day moving average, currently trading at GBX 2,804.94 ($37.81).
• Analyst ratings show a mixed outlook, with one "Buy" rating, several "Hold" ratings, and a consensus target price of GBX 2,216.
• Insider transactions indicate confidence, as executives purchased shares at an average price of GBX 2,731 each during recent acquisitions.

Anglo American plc (LON:AAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,213.89 ($29.84) and traded as high as GBX 2,824 ($38.07). Anglo American shares last traded at GBX 2,804.94 ($37.81), with a volume of 5,233,830 shares traded.

Analyst Ratings Changes

Several brokerages recently weighed in on AAL. Citigroup upped their price objective on Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Berenberg Bank raised Anglo American to a "hold" rating and boosted their target price for the stock from GBX 1,900 to GBX 2,300 in a research note on Tuesday, September 9th. Royal Bank Of Canada dropped their target price on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 1,980 target price on shares of Anglo American in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,600 target price on shares of Anglo American in a report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Anglo American presently has an average rating of "Hold" and a consensus target price of GBX 2,216.

Anglo American Stock Performance

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 company has a market cap of £29.98 billion, a price-to-earnings ratio of -718.74, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a fifty day moving average of GBX 2,352.85 and a two-hundred day moving average of GBX 2,213.89.

Insider Activity at Anglo American

In related news, insider Stuart J. Chambers acquired 642 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average cost of GBX 2,731 per share, for a total transaction of £17,533.02. Also, insider Nonkululeko Nyembezi acquired 259 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The stock was bought at an average price of GBX 2,731 per share, with a total value of £7,073.29. Insiders purchased 1,187 shares of company stock worth $3,228,346 over the last three months. Company insiders own 0.43% of the company's stock.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends. Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.