Anglo American (LON:AAL) Sets New 12-Month High – Here’s What Happened

Anglo American plc (LON:AAL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 2,835 ($36.88) and last traded at GBX 2,377.50 ($30.93), with a volume of 36512473 shares. The stock had previously closed at GBX 2,344 ($30.49).

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AAL. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($27.32) target price on shares of Anglo American in a report on Tuesday, February 18th. Citigroup restated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Anglo American from GBX 2,160 ($28.10) to GBX 2,190 ($28.49) and gave the stock a “neutral” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,698.33 ($35.10).

Anglo American Stock Performance

The business has a 50-day moving average of GBX 2,412.58 and a two-hundred day moving average of GBX 2,354.82. The company has a market cap of £36.00 billion, a P/E ratio of -21.80, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Activity at Anglo American

In related news, insider Duncan Wanblad sold 22,708 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of GBX 2,388 ($31.07), for a total transaction of £542,267.04 ($705,433.90). 9.78% of the stock is owned by corporate insiders.

About Anglo American

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.