Anglo American (LON:AAL) Reaches New 1-Year High - Time to Buy?

Anglo American plc (LON:AAL - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 2,835 ($36.60) and last traded at GBX 2,377.50 ($30.70), with a volume of 36512473 shares trading hands. The stock had previously closed at GBX 2,344 ($30.26).

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAL. Citigroup reaffirmed a "top pick" rating on shares of Anglo American in a report on Thursday, December 12th. Berenberg Bank reaffirmed a "sell" rating and issued a GBX 2,100 ($27.11) target price on shares of Anglo American in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Anglo American from GBX 2,160 ($27.89) to GBX 2,190 ($28.28) and gave the company a "neutral" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 2,698.33 ($34.84).

Anglo American Trading Down 3.0 %

The stock has a market cap of £34.31 billion, a PE ratio of -20.78, a P/E/G ratio of 2.05 and a beta of 1.10. The business's fifty day moving average is GBX 2,406.99 and its 200 day moving average is GBX 2,354.78. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

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Insider Buying and Selling

In other Anglo American news, insider Duncan Wanblad sold 22,708 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of GBX 2,388 ($30.83), for a total value of £542,267.04 ($700,151.12). 9.78% of the stock is owned by insiders.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.