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

Key Points

• Price action: Anglo American crossed above its 200-day moving average (GBX 3,090.83), trading as high as GBX 3,371 and last at GBX 3,270, reflecting a roughly 10.1% intraday move.
• Analyst sentiment: Four analysts rate the stock Buy and three Hold, giving a consensus "Moderate Buy" with a target of GBX 3,160, while Citi upgraded to Buy and raised its target to GBX 4,500.
• Insider activity: Insider Anne Wade purchased 525 shares at GBX 3,050 recently, and insiders own about 0.37% of the company.

Anglo American plc (LON:AAL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,090.83 and traded as high as GBX 3,371. Anglo American shares last traded at GBX 3,270, with a volume of 3,065,945 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AAL shares. Panmure Gordon reiterated a "hold" rating and issued a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. Citigroup upgraded Anglo American to a "buy" rating and lifted their target price for the stock from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. UBS Group reiterated a "buy" rating and issued a GBX 3,500 target price on shares of Anglo American in a report on Friday, January 23rd. Finally, Berenberg Bank dropped their target price on Anglo American from GBX 4,200 to GBX 3,900 and set a "buy" rating for the company in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 3,160.

Anglo American Trading Up 10.1%

The stock has a market cap of £38.59 billion, a PE ratio of -10.91, a PEG ratio of 2.05 and a beta of 0.94. The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a fifty day moving average price of GBX 3,389.52 and a 200 day moving average price of GBX 3,090.83.

Insider Transactions at Anglo American

In other Anglo American news, insider Anne Wade acquired 525 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. In the last three months, insiders acquired 534 shares of company stock worth $1,628,853. 0.37% of the stock is owned by insiders.

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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