Anglo American (LON:AAL) Reaches New 12-Month High – Here’s What Happened

Anglo American plc (LON:AAL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,073 and last traded at GBX 3,072, with a volume of 29779660 shares. The stock had previously closed at GBX 3,012.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAL. Panmure Gordon reaffirmed a “hold” rating and set a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. JPMorgan Chase & Co. upped their target price on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Berenberg Bank increased their target price on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Anglo American has an average rating of “Hold” and a consensus target price of GBX 2,603.33.

Anglo American Stock Performance

The company’s 50-day moving average is GBX 2,867.08 and its two-hundred day moving average is GBX 2,544.38. The company has a market capitalization of £32.72 billion, a P/E ratio of -7.86, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Activity at Anglo American

In related news, insider Magali Anderson acquired 273 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, with a total value of £7,867.86. Also, insider Marcelo Bastos bought 870 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of GBX 2,838 per share, with a total value of £24,690.60. In the last 90 days, insiders have bought 2,025 shares of company stock worth $5,796,911. Corporate 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.