Anglo American (LON:AAL) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Anglo American plc (LON:AAL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,346.73 ($30.25) and traded as high as GBX 2,420 ($31.19). Anglo American shares last traded at GBX 2,408 ($31.04), with a volume of 11,790,607 shares changing hands.

Analyst Ratings Changes

AAL has been the topic of several recent analyst reports. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 2,160 ($27.84) to GBX 2,190 ($28.23) and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,100 ($27.07) price objective on shares of Anglo American in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Anglo American has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,698.33 ($34.78).

Anglo American Price Performance

The firm has a market capitalization of £36.62 billion, a PE ratio of -22.17, a PEG 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. The firm has a 50-day simple moving average of GBX 2,420.36 and a 200-day simple moving average of GBX 2,346.73.

Insiders Place Their Bets

In related news, insider Nonkululeko Nyembezi acquired 297 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of GBX 2,348 ($30.27) per share, with a total value of £6,973.56 ($8,988.86). Also, insider Duncan Wanblad sold 22,708 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of GBX 2,388 ($30.78), for a total value of £542,267.04 ($698,977.88). Insiders own 9.78% of the company’s stock.

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.