Anglo American (LON:AAL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Anglo American plc (LON:AAL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,332.80 ($28.94) and traded as high as GBX 2,496.50 ($30.97). Anglo American shares last traded at GBX 2,450 ($30.39), with a volume of 7,454,335 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($26.05) price objective on shares of Anglo American in a research note on Thursday. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($33.68).

Anglo American Price Performance

The firm has a market cap of £29.87 billion, a price-to-earnings ratio of -2,374.04, a P/E/G ratio of 2.05 and a beta of 1.10. The stock’s fifty day moving average price is GBX 2,433.68 and its 200-day moving average price is GBX 2,333.97. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94.

Insider Activity at Anglo American

In related news, insider Nonkululeko Nyembezi acquired 297 shares of Anglo American stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of GBX 2,348 ($29.13) per share, for a total transaction of £6,973.56 ($8,650.99). 9.78% of the stock is owned by insiders.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.