Anglo American (LON:AAL) Stock Breaks Below 200-Day Moving Average - Should You Sell?

Key Points

• Anglo American shares fell below their 200-day moving average, reaching GBX 3,670 and last trading at GBX 3,717, versus the average of GBX 3,723.86.
• Analysts give the stock an overall Hold rating, with an average price target of GBX 3,864.29; ratings include four Buys, two Holds and one Sell.
• Company insiders purchased 841 shares over the past 90 days, including buys by Stuart J. Chambers and Magali Anderson.

Anglo American plc (LON:AAL - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 3,723.86 and traded as low as GBX 3,670. Anglo American shares last traded at GBX 3,717, with a volume of 8,150,004 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank reaffirmed a "hold" rating and set a GBX 4,300 price target on shares of Anglo American in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on Anglo American from GBX 4,700 to GBX 3,900 and set a "buy" rating on the stock in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on 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. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 3,864.29.

Anglo American Price Performance

The firm has a market capitalization of £39.83 billion, a P/E ratio of -14.75, a P/E/G ratio of 2.05 and a beta of 0.95. The business's fifty day moving average is GBX 4,016.26 and its 200 day moving average is GBX 3,723.86. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59.

Insiders Place Their Bets

In related news, insider Stuart J. Chambers acquired 446 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of GBX 4,067 per share, for a total transaction of £18,138.82. Also, insider Magali Anderson acquired 196 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were bought at an average price of GBX 4,067 per share, with a total value of £7,971.32. Over the last 90 days, insiders have acquired 841 shares of company stock worth $3,417,995. 0.37% of the stock is 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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