Anglo American (LON:AAL) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Anglo American plc (LON:AAL)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,332.80 ($29.01) and traded as high as GBX 2,496.50 ($31.05). Anglo American shares last traded at GBX 2,450 ($30.47), with a volume of 7,454,335 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAL. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($26.12) price target on shares of Anglo American in a research note on Thursday, October 24th. Citigroup restated a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,715 ($33.76).

Anglo American Trading Up 0.5 %

The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market capitalization of £29.78 billion, a P/E ratio of -2,366.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The firm has a 50 day moving average price of GBX 2,430.45 and a two-hundred day moving average price of GBX 2,332.80.

Insider Activity

In other news, insider Nonkululeko Nyembezi bought 297 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of GBX 2,348 ($29.20) per share, with a total value of £6,973.56 ($8,672.50). 9.78% of the stock is currently 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.