Anglo American (LON:AAL) Stock Price Down 10.4% - Here's What Happened

Shares of Anglo American plc (LON:AAL - Get Free Report) were down 10.4% on Tuesday . The company traded as low as GBX 2,143 ($29.04) and last traded at GBX 2,220 ($30.09). Approximately 3,296,987 shares changed 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 ($33.57).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Berenberg Bank restated a "sell" rating and issued a GBX 2,100 ($28.46) price objective on shares of Anglo American in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Anglo American from GBX 2,160 ($29.27) to GBX 2,190 ($29.68) and gave the stock a "neutral" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,522.50 ($34.18).

Anglo American Trading Up 2.7%

The company's fifty day simple moving average is GBX 2,075.41 and its 200-day simple moving average is GBX 2,286.96. 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 firm has a market capitalization of £34.88 billion, a PE ratio of -21.12, a P/E/G ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In other news, insider John Heasley sold 18,877 shares of Anglo American stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of GBX 2,133 ($28.91), for a total value of £402,646.41 ($545,665.28). Insiders have bought 25 shares of company stock valued at $54,658 over the last ninety days. Company insiders own 9.78% of the company's stock.

About Anglo American

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.