Anglo American (LON:AAL) Reaches New 1-Year High – Time to Buy?

Anglo American plc (LON:AAL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 3,884.50 and last traded at GBX 3,876.50, with a volume of 79112531 shares. The stock had previously closed at GBX 3,827.50.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of research reports. Berenberg Bank boosted their target price on Anglo American from GBX 3,600 to GBX 4,100 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group reiterated a “buy” rating and set a GBX 3,500 target price on shares of Anglo American in a report on Friday, January 23rd. Citigroup upgraded Anglo American to a “buy” rating and boosted their target price for the stock from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Anglo American from GBX 2,770 to GBX 2,780 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 3,125.71.

Anglo American Stock Up 0.3%

The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market cap of £41.24 billion, a PE ratio of -11.66, a PEG ratio of 2.05 and a beta of 0.96. The stock has a fifty day moving average price of GBX 3,404.32 and a 200-day moving average price of GBX 3,205.58.

Insider Buying and Selling

In related news, insider Anne Wade purchased 525 shares of Anglo American stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of GBX 3,050 per share, with a total value of £16,012.50. Over the last quarter, insiders purchased 542 shares of company stock worth $1,657,589. Insiders own 0.43% of the company’s stock.

Anglo American Company Profile

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.