Anglo American (LON:AAL) Hits New 1-Year High – Still a Buy?

Anglo American plc (LON:AAL) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 4,239 and last traded at GBX 4,057, with a volume of 1857398 shares trading hands. The stock had previously closed at GBX 3,988.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AAL shares. Berenberg Bank cut their price objective on shares of Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. JPMorgan Chase & Co. raised their price objective on shares of Anglo American from GBX 2,780 to GBX 3,160 and gave the company an “underweight” rating in a research report on Tuesday, May 26th. Finally, Citigroup raised shares of Anglo American to a “buy” rating and raised their price objective for the company from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 3,165.71.

Anglo American Trading Up 1.7%

The firm has a market capitalization of £43.47 billion, a P/E ratio of -12.29, a PEG ratio of 2.05 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60. The business has a 50-day moving average price of GBX 3,585.63 and a 200-day moving average price of GBX 3,330.39.

Insider Buying and Selling at Anglo American

In related news, insider Anne Wade acquired 525 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of GBX 3,050 per share, for a total transaction of £16,012.50. In the last 90 days, insiders purchased 549 shares of company stock valued at $1,685,981. Corporate insiders own 0.43% 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.