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Anglo American (LON:AAL) Shares Pass Above 200 Day Moving Average - What's Next?

Anglo American logo with Basic Materials background

Anglo American plc (LON:AAL - Get Free Report) 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.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on AAL

Anglo American Trading Up 0.3 %

The company has a market cap of £29.72 billion, a price-to-earnings ratio of -2,361.54, a PEG ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94. The business's 50 day moving average price is GBX 2,398.01 and its 200-day moving average price is GBX 2,333.49.

Insiders Place Their Bets

In other news, insider Nonkululeko Nyembezi acquired 297 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of GBX 2,348 ($28.73) per share, with a total value of £6,973.56 ($8,532.44). Company insiders own 9.78% of the company's stock.

About Anglo American

(Get Free Report)

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.

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