Anglo American (LON:AAL) Shares Down 10.4% - Time to Sell?

Shares of Anglo American plc (LON:AAL - Get Free Report) were down 10.4% on Monday . The stock traded as low as GBX 2,143 ($29.10) and last traded at GBX 2,220 ($30.15). Approximately 3,296,987 shares were traded 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 ($33.64).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAL. Berenberg Bank restated a "sell" rating and issued a GBX 2,100 ($28.52) price target on shares of Anglo American in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on Anglo American from GBX 2,160 ($29.33) to GBX 2,190 ($29.74) and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 2,522.50 ($34.25).

Anglo American Stock Down 3.3%

The company has a market capitalization of £33.71 billion, a price-to-earnings ratio of -20.42, a P/E/G ratio of 2.05 and a beta of 1.10. The stock's fifty day moving average price is GBX 2,078.38 and its 200-day moving average price is GBX 2,287.39. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Buying and Selling at Anglo American

In other news, insider John Heasley sold 18,877 shares of Anglo American stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of GBX 2,133 ($28.97), for a total transaction of £402,646.41 ($546,776.77). Insiders purchased a total of 25 shares of company stock worth $54,658 over the last ninety days. 9.78% of the stock is currently owned by corporate 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.