Anglo American (LON:AAL) Share Price Crosses Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

Anglo American plc (LON:AAL – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 3,728.23 and traded as high as GBX 4,159. Anglo American shares last traded at GBX 4,094.68, with a volume of 123,062,219 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 4,500 target price on shares of Anglo American in a report on Friday, July 31st. Berenberg Bank lowered their target price on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating for the company in a research report on Friday, July 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,000 target price on shares of Anglo American in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. upped 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Anglo American currently has an average rating of “Hold” and a consensus target price of GBX 3,921.43.

Check Out Our Latest Stock Analysis on Anglo American

Anglo American Price Performance

The company has a market capitalization of £43.41 billion, a P/E ratio of -16.08, a P/E/G ratio of 2.05 and a beta of 0.99. The firm’s fifty day moving average is GBX 3,943.43 and its 200 day moving average is GBX 3,733.35. The company has a debt-to-equity ratio of 100.59, a quick ratio of 1.27 and a current ratio of 2.21.

Anglo American Company Profile

(Get Free Report)

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.

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