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

Anglo American plc (LON:AAL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,302.21 ($30.70) and traded as high as GBX 2,920.80 ($38.95). Anglo American shares last traded at GBX 2,907 ($38.77), with a volume of 258,780,938 shares trading hands.

Analyst Ratings Changes

Several research analysts have commented on AAL shares. Citigroup upped their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a report on Monday, July 28th. Berenberg Bank upgraded shares of Anglo American to a “buy” rating and boosted their price target for the company from GBX 2,300 to GBX 3,000 in a research report on Tuesday, October 7th. Royal Bank Of Canada cut their price objective on Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,600 price objective on shares of Anglo American in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,760 target price on shares of Anglo American in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 2,512.

Anglo American Stock Up 1.5%

The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The stock has a market capitalization of £31.07 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company’s fifty day moving average price is GBX 2,586.39 and its 200-day moving average price is GBX 2,302.21.

Insider Transactions at Anglo American

In other news, insider Nonkululeko Nyembezi purchased 259 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average price of GBX 2,731 per share, for a total transaction of £7,073.29. Also, insider Stuart J. Chambers purchased 642 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was purchased at an average price of GBX 2,731 per share, for a total transaction of £17,533.02. Over the last three months, insiders have purchased 1,188 shares of company stock valued at $3,235,917. 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.