Anglo American (LON:AAL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,332.65 ($28.55) and traded as high as GBX 2,471 ($30.24). Anglo American shares last traded at GBX 2,448 ($29.96), with a volume of 1,940,221 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,100 ($25.70) target price on shares of Anglo American in a research note on Thursday, October 24th. Citigroup reiterated a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($33.23).

Anglo American Trading Up 0.7 %

The business’s 50 day moving average price is GBX 2,396.81 and its two-hundred day moving average price is GBX 2,332.65. 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 company has a market capitalization of £29.83 billion, a price-to-earnings ratio of -2,370.67, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In other news, insider Nonkululeko Nyembezi acquired 297 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of GBX 2,348 ($28.74) per share, with a total value of £6,973.56 ($8,535.57). 9.78% of the stock is currently owned by 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.