Anglo American (LON:AAL) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Anglo American's stock crossed above its 200-day moving average
• Analyst views are mixed — several firms (Citigroup, Berenberg, UBS) have raised targets and issued Buy ratings (Citigroup target GBX 4,500), but the MarketBeat consensus remains a "Hold" with a consensus target of GBX 3,125.71 (4 Buys, 2 Holds, 1 Sell).
• Company fundamentals are mixed: market cap £41.66 billion, negative PE (-11.78) and a high debt-to-equity ratio (91.60), while insiders recently made modest purchases and own 0.37% of shares.

Anglo American plc (LON:AAL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,198.50 and traded as high as GBX 3,867. Anglo American shares last traded at GBX 3,823.50, with a volume of 6,715,662 shares changing hands.

Wall Street Analysts Forecast Growth

AAL has been the topic of several analyst reports. Citigroup raised Anglo American to a "buy" rating and lifted their target price for the company from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Berenberg Bank lifted their target price on Anglo American from GBX 3,600 to GBX 4,100 and gave the company a "buy" rating in a research report on Wednesday, April 29th. UBS Group reissued a "buy" rating and issued a GBX 3,500 price objective on shares of Anglo American in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Anglo American from GBX 2,770 to GBX 2,780 and gave the stock an "underweight" rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Anglo American has an average rating of "Hold" and a consensus target price of GBX 3,125.71.

Anglo American Stock Performance

The company has a 50-day simple moving average of GBX 3,400.72 and a two-hundred day simple moving average of GBX 3,198.50. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60. The firm has a market cap of £41.66 billion, a PE ratio of -11.78, a PEG ratio of 2.05 and a beta of 0.94.

Insider Activity

In other news, insider Anne Wade bought 525 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of GBX 3,050 per share, for a total transaction of £16,012.50. Insiders acquired 542 shares of company stock valued at $1,657,589 in the last 90 days. Insiders own 0.37% of the company's stock.

Anglo American Company Profile

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.

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