Anglo American (LON:AAL) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Anglo American shares crossed above their 200-day moving average during trading, reaching a high of GBX 2,381.44 ($32.00) before settling at GBX 2,326 ($31.26).
• Berenberg Bank maintains a "sell" rating on Anglo American with a price target of GBX 1,900 ($25.53).
• Insiders have purchased a total of 1,579 shares of company stock valued at approximately $3.23 million in the last ninety days, reflecting confidence in the company’s prospects.

Anglo American plc (LON:AAL - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,234.93 ($30.03) and traded as high as GBX 2,381.44 ($32.00). Anglo American shares last traded at GBX 2,326 ($31.26), with a volume of 1,649,174 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAL. Berenberg Bank reiterated a "sell" rating and issued a GBX 1,900 ($25.53) price target on shares of Anglo American in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,600 ($34.94) price target on shares of Anglo American in a research note on Monday. Finally, Citigroup boosted their price objective on Anglo American from GBX 2,200 ($29.56) to GBX 2,300 ($30.91) and gave the stock a "neutral" rating in a research report on Monday.

Anglo American Price Performance

The firm has a market cap of £34.41 billion, a P/E ratio of -20.84, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The business has a 50-day moving average of GBX 2,185.21 and a two-hundred day moving average of GBX 2,232.13.

Insider Buying and Selling

In related news, insider Magali Anderson purchased 341 shares of Anglo American stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 ($27.47) per share, for a total transaction of £6,970.04 ($9,365.82). Also, insider Stuart J. Chambers purchased 859 shares of Anglo American stock in a transaction on Wednesday, June 25th. The stock was bought at an average price of GBX 2,044 ($27.47) per share, for a total transaction of £17,557.96 ($23,593.07). Insiders have bought 1,579 shares of company stock worth $3,232,235 in the last 90 days. Insiders own 9.78% of the company's stock.

Anglo American Company Profile

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.