Anglo American (LON:AAL) Reaches New 52-Week High – Here’s What Happened

Anglo American plc (LON:AAL) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,484 and last traded at GBX 3,398, with a volume of 394277156 shares traded. The stock had previously closed at GBX 3,356.33.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Panmure Gordon restated a “hold” rating and set a GBX 2,500 price target on shares of Anglo American in a research note on Sunday, December 14th. UBS Group reiterated a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a report on Friday. 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 raised their price target on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Anglo American has a consensus rating of “Hold” and a consensus target price of GBX 2,731.43.

Anglo American Stock Performance

The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a market cap of £36.41 billion, a PE ratio of -8.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company’s 50 day simple moving average is GBX 3,006.58 and its 200 day simple moving average is GBX 2,687.71.

Insiders Place Their Bets

In other Anglo American news, insider Stuart J. Chambers purchased 609 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Magali Anderson purchased 273 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of GBX 2,882 per share, for a total transaction of £7,867.86. In the last three months, insiders purchased 2,017 shares of company stock valued at $5,773,639. Insiders own 0.37% of the company’s stock.

About Anglo American

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.