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

Anglo American plc (LON:AAL - Get Free Report) shares were down 10.4% on Tuesday . The stock traded as low as GBX 2,143 ($28.99) and last traded at GBX 2,220 ($30.03). Approximately 3,296,987 shares changed hands during mid-day 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 ($33.51).

Analyst Ratings Changes

Several equities analysts have recently weighed in on AAL shares. Berenberg Bank reissued a "sell" rating and issued a GBX 2,100 ($28.41) price objective on shares of Anglo American in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,160 ($29.22) to GBX 2,190 ($29.63) and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Anglo American presently has an average rating of "Moderate Buy" and an average price target of GBX 2,522.50 ($34.12).

Anglo American Trading Down 3.3%

The business's 50 day moving average price is GBX 2,079.87 and its two-hundred day moving average price is GBX 2,287.20. 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 company has a market capitalization of £33.71 billion, a price-to-earnings ratio of -20.42, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Activity

In related news, insider John Heasley sold 18,877 shares of Anglo American stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.86), for a total transaction of £402,646.41 ($544,705.64). In the last three months, insiders have purchased 25 shares of company stock worth $54,658. Corporate 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.