Anglo American (LON:AAL) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 3,703.07 and traded as high as GBX 3,751. Anglo American shares last traded at GBX 3,740.54, with a volume of 317,902,781 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,300 price target on shares of Anglo American in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Anglo American from GBX 4,700 to GBX 3,900 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 3,864.29.

Anglo American Trading Down 0.8%

The company has a market cap of £40.80 billion, a P/E ratio of -15.11, a PEG ratio of 2.05 and a beta of 0.95. The stock’s 50 day moving average is GBX 4,037.76 and its 200-day moving average is GBX 3,712.25. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59.

Insider Buying and Selling at Anglo American

In other news, insider Magali Anderson purchased 196 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were purchased at an average price of GBX 4,067 per share, for a total transaction of £7,971.32. Also, insider Nonkululeko Nyembezi purchased 178 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were purchased at an average price of GBX 4,067 per share, for a total transaction of £7,239.26. In the last ninety days, insiders bought 841 shares of company stock worth $3,417,995. 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.