Anglo American (LON:AAL) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Anglo American plc (LON:AAL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,332.65 ($28.54) and traded as high as GBX 2,471 ($30.23). Anglo American shares last traded at GBX 2,448 ($29.95), with a volume of 1,940,221 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on AAL shares. Citigroup reiterated a "top pick" rating on shares of Anglo American in a research report on Thursday, December 12th. Berenberg Bank restated a "sell" rating and set a GBX 2,100 ($25.69) target price on shares of Anglo American in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Anglo American in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Anglo American has a consensus rating of "Moderate Buy" and an average target price of GBX 2,715 ($33.22).

Anglo American Trading Up 0.3 %

The business's 50 day simple moving average is GBX 2,398.01 and its two-hundred day simple moving average is GBX 2,333.49. The stock has a market cap of £29.72 billion, a P/E ratio of -2,361.54, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 62.94.

Insider Activity at Anglo American

In other news, insider Nonkululeko Nyembezi acquired 297 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 2,348 ($28.73) per share, with a total value of £6,973.56 ($8,532.44). 9.78% of the stock is currently owned by company insiders.

About Anglo American

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.