Anglo American (LON:AAL) Shares Cross Above 200-Day Moving Average - Should You Sell?

Anglo American plc (LON:AAL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,367.08 ($30.46) and traded as high as GBX 2,389 ($30.74). Anglo American shares last traded at GBX 2,326.50 ($29.94), with a volume of 1,439,445 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AAL shares. Berenberg Bank reaffirmed a "sell" rating and set a GBX 2,100 ($27.02) price target on shares of Anglo American in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Anglo American from GBX 2,900 ($37.32) to GBX 2,700 ($34.74) and set a "buy" rating on the stock in a report on Monday, September 9th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,715 ($34.94).

Anglo American Price Performance

The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market cap of £26.86 billion, a P/E ratio of -2,153.37, a PEG ratio of 2.05 and a beta of 1.10. The stock's 50-day simple moving average is GBX 2,283.79 and its two-hundred day simple moving average is GBX 2,368.67.

Insider Buying and Selling at Anglo American

In other news, insider Marcelo Bastos acquired 1,200 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were acquired at an average price of GBX 2,131 ($27.42) per share, for a total transaction of £25,572 ($32,906.96). Insiders have bought 1,214 shares of company stock worth $2,587,244 over the last quarter. Insiders own 9.78% of the company's stock.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.