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

Anglo American plc (LON:AAL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,825.09 and last traded at GBX 3,788, with a volume of 91359906 shares. The stock had previously closed at GBX 3,668.

Wall Street Analyst Weigh In

AAL has been the subject of several research analyst reports. Citigroup raised shares of Anglo American to a “buy” rating and upped their price target for the stock from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. UBS Group reaffirmed a “buy” rating and issued a GBX 3,500 target price on shares of Anglo American in a research report on Friday, January 23rd. Berenberg Bank boosted their price target on 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. Finally, 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy” and an average target price of GBX 3,045.71.

Anglo American Price Performance

The company’s fifty day moving average is GBX 3,347.91 and its two-hundred day moving average is GBX 2,900.28. 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 firm has a market cap of £40.19 billion, a price-to-earnings ratio of -9.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In related news, insider Stuart J. Chambers bought 609 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, for a total transaction of £17,551.38. Also, insider Nonkululeko Nyembezi bought 246 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were bought at an average price of GBX 2,882 per share, for a total transaction of £7,089.72. Insiders have purchased a total of 1,138 shares of company stock worth $3,279,316 over the last quarter. 0.37% of the stock is owned by corporate insiders.

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.