Anglo American (LON:AAL) Trading Down 10.4% – Here’s What Happened

Shares of Anglo American plc (LON:AAL) were down 10.4% during trading on Monday . The stock traded as low as GBX 2,143 ($28.84) and last traded at GBX 2,220.50 ($29.89). Approximately 447,782,906 shares were traded during mid-day trading, an increase of 5,504% from the average daily volume of 7,990,898 shares. The stock had previously closed at GBX 2,477.11 ($33.34).

Analyst Upgrades and Downgrades

Several analysts have recently commented on AAL shares. JPMorgan Chase & Co. increased their target price on shares of Anglo American from GBX 2,160 ($29.07) to GBX 2,190 ($29.48) and gave the company a “neutral” rating in a report on Wednesday, February 19th. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,100 ($28.26) target price on shares of Anglo American in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,522.50 ($33.95).

Anglo American Price Performance

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 cap of £33.76 billion, a P/E ratio of -20.44, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The business’s 50-day simple moving average is GBX 2,081.89 and its two-hundred day simple moving average is GBX 2,288.52.

Insiders Place Their Bets

In other Anglo American news, insider John Heasley sold 18,877 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.71), for a total transaction of £402,646.41 ($541,919.80). Insiders acquired 25 shares of company stock worth $54,658 over the last quarter. 9.78% of the stock is currently owned by company 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.