Anglo American (LON:AAL) Hits New 1-Year High - Should You Buy?

Key Points

• Anglo American shares reached a new 52-week high, trading as high as GBX 4,280 and recently at GBX 4,247, with nearly 35 million shares changing hands.
• Analyst sentiment is mixed: four analysts rate the stock a Buy, two rate it Hold and one rates it Sell. The consensus rating is Hold, with an average price target of GBX 3,921.43—below the current share price.
• Company insiders purchased shares recently, including 912 shares bought over the past three months, while Anglo American maintains a diversified focus on copper, iron ore and crop nutrients.

Anglo American plc (LON:AAL - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 4,280 and last traded at GBX 4,247, with a volume of 34899191 shares changing hands. The stock had previously closed at GBX 4,203.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AAL shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 5,000 price target on shares of Anglo American in a research report on Tuesday, June 9th. Berenberg Bank lowered their price objective on shares of Anglo American from GBX 4,200 to GBX 4,100 and set a "hold" rating for the company in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an "underweight" rating in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 4,500 target price on shares of Anglo American in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Anglo American has a consensus rating of "Hold" and an average target price of GBX 3,921.43.

Anglo American Stock Performance

The firm has a market cap of £45.56 billion, a P/E ratio of -16.87, a PEG ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 100.59, a quick ratio of 1.27 and a current ratio of 2.21. The stock's 50-day moving average is GBX 3,772.88 and its 200 day moving average is GBX 3,652.92.

Insider Buying and Selling

In other news, insider Stuart J. Chambers acquired 487 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of GBX 3,725 per share, for a total transaction of £18,140.75. Also, insider Magali Anderson purchased 213 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Over the last three months, insiders bought 912 shares of company stock worth $3,398,289. 0.43% of the stock is owned by corporate 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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