Anglo American (LON:AAL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,332.65 ($28.38) and traded as high as GBX 2,471 ($30.06). Anglo American shares last traded at GBX 2,448 ($29.78), with a volume of 1,940,221 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on AAL. Citigroup restated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research note on Friday, November 22nd. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,100 ($25.55) price objective on shares of Anglo American in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,715 ($33.03).

Anglo American Price Performance

The stock has a 50-day moving average price of GBX 2,401.74 and a two-hundred day moving average price of GBX 2,334.89. 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 stock has a market cap of £31.18 billion, a price-to-earnings ratio of -2,477.80, a PEG ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In related news, insider Nonkululeko Nyembezi purchased 297 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of GBX 2,348 ($28.57) per share, for a total transaction of £6,973.56 ($8,484.68). Corporate insiders own 9.78% of the company’s stock.

About Anglo American

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.