Free Trial

Anglo American (LON:AAL) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Anglo American logo with Basic Materials background

Anglo American plc (LON:AAL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,242.20 ($30.46) and traded as high as GBX 2,242.39 ($30.46). Anglo American shares last traded at GBX 2,170 ($29.48), with a volume of 2,159,462 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on shares of Anglo American from GBX 2,000 ($27.17) to GBX 1,900 ($25.81) and set a "sell" rating for the company in a report on Thursday, July 3rd.

Read Our Latest Stock Analysis on Anglo American

Anglo American Stock Performance

The stock's 50-day moving average is GBX 2,149.30 and its 200-day moving average is GBX 2,242.20. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market cap of £34.25 billion, a price-to-earnings ratio of -20.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insider Activity at Anglo American

In other news, insider Magali Anderson acquired 341 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 ($27.77) per share, with a total value of £6,970.04 ($9,468.88). Also, insider Stuart J. Chambers purchased 859 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 ($27.77) per share, for a total transaction of £17,557.96 ($23,852.68). Over the last quarter, insiders have acquired 1,578 shares of company stock worth $3,228,564. Company insiders own 9.78% of the company's stock.

About Anglo American

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Anglo American Right Now?

Before you consider Anglo American, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Anglo American wasn't on the list.

While Anglo American currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines