Anglo American (LON:AAL) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• Anglo American shares rose above their 200-day moving average, reaching GBX 4,188 and last trading at GBX 4,152.28, compared with a 200-day average of GBX 3,679.37.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, two Hold and one Sell. The consensus rating is Hold, with an average price target of GBX 3,921.43.
• Insiders purchased 912 shares worth approximately £3.4 million over the past 90 days, while the company reported a £44.49 billion market capitalization and a debt-to-equity ratio of 100.59.

Anglo American plc (LON:AAL - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,679.37 and traded as high as GBX 4,188. Anglo American shares last traded at GBX 4,152.28, with a volume of 8,333,570 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAL shares. Jefferies Financial Group reaffirmed 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 dropped their target price on Anglo American from GBX 4,200 to GBX 4,100 and set a "hold" rating on the stock in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 4,500 target price on shares of Anglo American in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on 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. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of GBX 3,921.43.

Anglo American Price Performance

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 firm has a market cap of £44.49 billion, a price-to-earnings ratio of -16.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. The stock's 50 day simple moving average is GBX 3,811.48 and its 200-day simple moving average is GBX 3,679.37.

Insider Activity

In other news, insider Magali Anderson bought 213 shares of Anglo American stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, for a total transaction of £7,934.25. Also, insider Stuart J. Chambers purchased 487 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Insiders have purchased 912 shares of company stock valued at $3,398,289 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Anglo American Company Profile

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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