Anglo American (LON:AAL) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Anglo American's share price crossed above its 200-day moving average (GBX 2,944.45), trading as high as GBX 3,558 and last at GBX 3,510, signaling a bullish technical move.
• Analyst view mixed: The consensus is a "Moderate Buy" (four Buy, three Hold) with a MarketBeat target of GBX 3,045.71 below the current price, though Citigroup raised its target to GBX 4,500 while other brokers remain more cautious.
• Fundamentals and insider activity: The company has a market cap of £37.46bn, a negative P/E (-8.99) and high debt-to-equity (91.60), and insiders were net buyers last quarter (1,138 shares; insiders own 0.37%).

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 2,944.45 and traded as high as GBX 3,558. Anglo American shares last traded at GBX 3,510, with a volume of 491,685,688 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAL. Citigroup raised shares of Anglo American to a "buy" rating and raised their target price for the company from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a "neutral" rating in a report on Wednesday, December 3rd. Panmure Gordon reaffirmed a "hold" rating and issued a GBX 2,500 price objective on shares of Anglo American in a research note on Sunday, December 14th. Finally, UBS Group reiterated a "buy" rating and set a GBX 3,500 target price on shares of Anglo American in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,045.71.

Anglo American Stock Up 1.7%

The firm has a market cap of £37.46 billion, a P/E ratio of -8.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The firm's 50 day moving average is GBX 3,395.40 and its two-hundred day moving average is GBX 2,944.45. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60.

Insider Activity

In other Anglo American news, insider Magali Anderson bought 273 shares of the firm's stock in a transaction on Monday, December 22nd. The stock was purchased at an average cost of GBX 2,882 per share, with a total value of £7,867.86. Also, insider Stuart J. Chambers purchased 609 shares of the stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, with a total value of £17,551.38. Insiders bought 1,138 shares of company stock valued at $3,279,316 in the last quarter. Company insiders own 0.37% of the company's stock.

About Anglo American

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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