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Anglo American (LON:AAL) Shares Cross Above 200 Day Moving Average - Here's What Happened

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 Friday . The stock has a 200-day moving average of GBX 2,358.82 ($30.59) and traded as high as GBX 2,443 ($31.68). Anglo American shares last traded at GBX 2,396 ($31.07), with a volume of 1,137,712 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on Anglo American from GBX 2,900 ($37.61) to GBX 2,700 ($35.01) and set a "buy" rating on the stock in a research note on Monday, September 9th. Berenberg Bank restated a "sell" rating and issued a GBX 2,100 ($27.23) target price on shares of Anglo American in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,715 ($35.21).

View Our Latest Stock Analysis on AAL

Anglo American Price Performance

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 company has a market cap of £28.99 billion, a P/E ratio of -2,303.85, a PEG ratio of 2.05 and a beta of 1.10. The business's fifty day moving average is GBX 2,269.73 and its 200 day moving average is GBX 2,359.97.

Insider Buying and Selling

In other Anglo American news, insider Marcelo Bastos bought 1,200 shares of the stock in a transaction on Tuesday, September 24th. The shares were acquired at an average price of GBX 2,131 ($27.64) per share, with a total value of £25,572 ($33,163.01). In the last quarter, insiders have purchased 1,214 shares of company stock valued at $2,587,244. 9.78% of the stock is owned by company insiders.

Anglo American Company Profile

(Get Free Report)

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.

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