Anglo American (LON:AAL) Stock Price Down 10.4% - Time to Sell?

Anglo American plc (LON:AAL - Get Free Report)'s stock price dropped 10.4% during trading on Tuesday . 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 were traded during 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).

Wall Street Analyst Weigh In

AAL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Anglo American from GBX 2,160 ($29.27) to GBX 2,190 ($29.68) and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Berenberg Bank reiterated a "sell" rating and set a GBX 2,100 ($28.46) price objective on shares of Anglo American in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,522.50 ($34.18).

Anglo American Stock Up 1.9%

The company has a market capitalization of £33.79 billion, a price-to-earnings ratio of -20.46, a P/E/G ratio of 2.05 and a beta of 1.10. The business's 50-day moving average is GBX 2,075.82 and its 200-day moving average is GBX 2,286.95. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insiders Place Their Bets

In other Anglo American news, insider John Heasley sold 18,877 shares of the company's stock in a transaction dated 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). Over the last quarter, insiders bought 25 shares of company stock worth $54,658. Company 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.