Anglo American (LON:AAL) Share Price Crosses Above Two Hundred Day Moving Average of $1,979.61

Anglo American plc (LON:AAL - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,979.61 ($24.85) and traded as high as GBX 2,065 ($25.92). Anglo American shares last traded at GBX 2,048 ($25.71), with a volume of 3,681,125 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 1,600 ($20.09) price target on shares of Anglo American in a report on Tuesday, March 26th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,500 ($31.38) price target on shares of Anglo American in a report on Friday, February 9th. Finally, Barclays reaffirmed an "overweight" rating and issued a GBX 2,630 ($33.02) price target on shares of Anglo American in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Anglo American has an average rating of "Moderate Buy" and a consensus target price of GBX 2,493.33 ($31.30).

Anglo American Price Performance

The company has a debt-to-equity ratio of 53.49, a quick ratio of 1.28 and a current ratio of 1.85. The stock has a market capitalization of £28.28 billion, a P/E ratio of 11,377.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The firm has a 50-day moving average price of GBX 1,829.27 and a 200 day moving average price of GBX 1,979.61.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 1.89%. Anglo American's dividend payout ratio (DPR) is presently 42,222.22%.

Insider Activity

In other news, insider Duncan Wanblad sold 24,467 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 1,737 ($21.81), for a total transaction of £424,991.79 ($533,507.14). Corporate insiders own 7.29% of the company's stock.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.