Anglo American (LON:AAL) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Anglo American plc (LON:AAL - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,346.73 ($30.32) and traded as high as GBX 2,420 ($31.27). Anglo American shares last traded at GBX 2,408 ($31.12), with a volume of 11,790,607 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AAL shares. JPMorgan Chase & Co. raised their target price on Anglo American from GBX 2,160 ($27.91) to GBX 2,190 ($28.30) and gave the company a "neutral" rating in a report on Wednesday, February 19th. Citigroup reiterated a "top pick" rating on shares of Anglo American in a research note on Thursday, December 12th. Finally, Berenberg Bank reiterated a "sell" rating and issued a GBX 2,100 ($27.14) price objective on shares of Anglo American in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Anglo American has a consensus rating of "Moderate Buy" and an average target price of GBX 2,698.33 ($34.87).

Anglo American Stock Down 3.3 %

The firm has a market capitalization of £36.22 billion, a P/E ratio of -21.93, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The business has a 50 day moving average price of GBX 2,422.77 and a 200 day moving average price of GBX 2,349.86. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

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Insider Buying and Selling

In other news, insider Nonkululeko Nyembezi bought 297 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of GBX 2,348 ($30.34) per share, with a total value of £6,973.56 ($9,010.93). Also, insider Duncan Wanblad sold 22,708 shares of Anglo American stock in a transaction dated Monday, February 24th. The stock was sold at an average price of GBX 2,388 ($30.86), for a total value of £542,267.04 ($700,693.94). 9.78% of the stock is owned by company 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.