Anglo American (LON:AAL) Trading 7.7% Higher - Here's Why

Key Points

• Anglo American's stock price increased by 7.7% on Tuesday, reaching GBX 2,458 ($33.30), with trading volume soaring to approximately 59.6 million shares.
• Analyst ratings for Anglo American show mixed opinions, with one "Buy," three "Hold," and one "Sell" rating; the average target price is GBX 2,136.
• Recent insider purchases indicate optimism, with two insiders acquiring a total of 1,579 shares at an average price of GBX 2,044 per share.

Anglo American plc (LON:AAL - Get Free Report)'s stock price rose 7.7% on Tuesday . The stock traded as high as GBX 2,477 ($33.55) and last traded at GBX 2,458 ($33.30). Approximately 59,598,586 shares changed hands during trading, an increase of 899% from the average daily volume of 5,965,538 shares. The stock had previously closed at GBX 2,283 ($30.93).

Analyst Ratings Changes

AAL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,600 target price on shares of Anglo American in a research note on Monday, July 28th. Royal Bank Of Canada lowered their target price on Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 1,980 target price on shares of Anglo American in a research note on Wednesday, August 20th. Berenberg Bank reaffirmed a "sell" rating and set a GBX 1,900 target price on shares of Anglo American in a research note on Thursday, September 4th. Finally, Citigroup lifted their target price on Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 2,136.

Anglo American Trading Up 9.5%

The firm has a market capitalization of £26.73 billion, a price-to-earnings ratio of -640.85, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. 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 fifty day moving average price of GBX 2,211.86 and a 200-day moving average price of GBX 2,174.89.

Insider Activity

In other news, insider Magali Anderson purchased 341 shares of Anglo American stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 per share, for a total transaction of £6,970.04. Also, insider Stuart J. Chambers purchased 859 shares of Anglo American stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 per share, with a total value of £17,557.96. Insiders bought a total of 1,579 shares of company stock worth $3,231,325 in the last three months. 0.43% 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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