Anglo American (LON:AAL) Sets New 52-Week High - Here's Why

Key Points

• Anglo American shares reached a new 52-week high, trading as high as GBX 4,341 and most recently at GBX 4,335, up from the prior close of GBX 4,190.
• Analyst views remain mixed: Deutsche Bank and Jefferies maintained Buy ratings with targets of GBX 4,500 and GBX 5,000, while the broader analyst consensus is Hold with an average price target of GBX 3,921.43.
• Company insiders purchased shares recently, including 912 shares bought in the last quarter, while Anglo American’s market capitalization stands at approximately £46.45 billion.

Shares of Anglo American plc (LON:AAL - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,341 and last traded at GBX 4,335, with a volume of 3749921 shares changing hands. The stock had previously closed at GBX 4,190.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AAL shares. JPMorgan Chase & Co. upped their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company an "underweight" rating in a research note on Friday, July 10th. Berenberg Bank lowered their price objective on 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 4,500 price target on shares of Anglo American in a report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,000 price target on shares of Anglo American in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Anglo American has an average rating of "Hold" and an average price target of GBX 3,921.43.

Anglo American Price Performance

The company has a debt-to-equity ratio of 100.59, a current ratio of 2.21 and a quick ratio of 1.27. The company has a fifty day moving average of GBX 3,841.45 and a 200-day moving average of GBX 3,693.21. The firm has a market cap of £46.45 billion, a P/E ratio of -17.20, a P/E/G ratio of 2.05 and a beta of 0.99.

Insider Transactions at Anglo American

In other news, insider Stuart J. Chambers bought 487 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, for a total transaction of £18,140.75. Also, insider Magali Anderson purchased 213 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Insiders bought a total of 912 shares of company stock worth $3,398,289 in the last quarter. 0.37% of the stock is currently 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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