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

Anglo American plc (LON:AAL - Get Free Report)'s share price dropped 10.4% during trading on Monday . The company traded as low as GBX 2,143 ($28.99) and last traded at GBX 2,220 ($30.03). 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 ($33.51).

Analyst Ratings Changes

AAL has been the subject of a number of recent research reports. Berenberg Bank reiterated a "sell" rating and set a GBX 2,100 ($28.41) price objective on shares of Anglo American in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of Anglo American from GBX 2,160 ($29.22) to GBX 2,190 ($29.63) and gave the stock a "neutral" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,522.50 ($34.12).

Anglo American Stock Performance

The firm has a market cap of £33.71 billion, a PE ratio of -20.42, a P/E/G ratio of 2.05 and a beta of 1.10. 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 stock has a 50-day moving average price of GBX 2,078.38 and a 200 day moving average price of GBX 2,287.39.

Insider Activity

In related news, insider John Heasley sold 18,877 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.86), for a total value of £402,646.41 ($544,705.64). Insiders acquired a total of 25 shares of company stock valued at $54,658 over the last quarter. 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.