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Anglo American (LON:AAL) Stock Passes Above 200 Day Moving Average - Here's Why


Anglo American (LON:AAL) Stock Passes Above 200 Day Moving Average   - Here's Why

Anglo American plc (LON:AAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,346.73 ($30.24) and traded as high as GBX 2,420 ($31.19). Anglo American shares last traded at GBX 2,408 ($31.03), with a volume of 11,790,607 shares changing hands.

A number of analysts have recently weighed in on AAL shares. JPMorgan Chase & Co. upped their price target on shares of Anglo American from GBX 2,160 ($27.84) to GBX 2,190 ($28.22) and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Citigroup restated a "top pick" rating on shares of Anglo American in a research report on Thursday, December 12th. Finally, Berenberg Bank reiterated a "sell" rating and set a GBX 2,100 ($27.06) price target on shares of Anglo American in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Anglo American currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,698.33 ($34.77).

View Our Latest Stock Analysis on AAL

The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of £37.45 billion, a PE ratio of -22.68, a P/E/G ratio of 2.05 and a beta of 1.10. The firm has a fifty day moving average price of GBX 2,420.36 and a 200 day moving average price of GBX 2,346.73.

In other Anglo American news, insider Nonkululeko Nyembezi purchased 297 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 2,348 ($30.26) per share, for a total transaction of £6,973.56 ($8,986.55). Also, insider Duncan Wanblad sold 22,708 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of GBX 2,388 ($30.77), for a total value of £542,267.04 ($698,797.73). Insiders own 9.78% of the company's stock.

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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