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

Anglo American plc (LON:AAL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,649.63 and traded as high as GBX 4,167. Anglo American shares last traded at GBX 4,118, with a volume of 29,767,506 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AAL shares. Berenberg Bank dropped their target price on shares of Anglo American from GBX 4,200 to GBX 4,100 and set a "hold" rating on the stock in a report on Friday, July 24th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 5,000 price objective on shares of Anglo American in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 4,500 price objective on shares of Anglo American in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an "underweight" rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 3,921.43.

Check Out Our Latest Stock Report on AAL

Anglo American Stock Up 0.8%

The stock has a market cap of £44.12 billion, a price-to-earnings ratio of -16.34, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. The firm's fifty day moving average price is GBX 3,769.86 and its two-hundred day moving average price is GBX 3,649.63. The company has a debt-to-equity ratio of 100.59, a current ratio of 2.21 and a quick ratio of 1.27.

Insider Activity at Anglo American

In other news, insider Stuart J. Chambers purchased 487 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Nonkululeko Nyembezi purchased 194 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of GBX 3,725 per share, for a total transaction of £7,226.50. Insiders bought 912 shares of company stock valued at $3,398,289 in the last three months. Corporate insiders own 0.43% of the company's stock.

About Anglo American

(Get Free Report)

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends. Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.

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