Anglo American (LON:AAL) Trading Down 10.4% - Should You Sell?

Anglo American plc (LON:AAL - Get Free Report)'s stock price dropped 10.4% during mid-day trading on Monday . The company traded as low as GBX 2,143 ($28.97) and last traded at GBX 2,220 ($30.01). Approximately 3,296,987 shares traded hands 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 ($33.49).

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of analyst reports. Berenberg Bank reiterated a "sell" rating and set a GBX 2,100 ($28.39) price objective on shares of Anglo American in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,160 ($29.20) to GBX 2,190 ($29.61) and gave the company a "neutral" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Anglo American presently has an average rating of "Moderate Buy" and an average target price of GBX 2,522.50 ($34.10).

Anglo American Stock Performance

The firm has a market capitalization of £33.79 billion, a P/E ratio of -20.46, a P/E/G ratio of 2.05 and a beta of 1.10. 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 fifty day simple moving average of GBX 2,075.82 and a two-hundred day simple moving average of GBX 2,286.95.

Insiders Place Their Bets

In other news, insider John Heasley sold 18,877 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of GBX 2,133 ($28.84), for a total transaction of £402,646.41 ($544,337.45). Over the last ninety days, insiders purchased 25 shares of company stock worth $54,658. 9.78% of the stock is currently owned by company insiders.

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.