Anglo American (LON:AAL) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Anglo American plc (LON:AAL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,338.17 ($29.42) and traded as high as GBX 2,355.50 ($29.64). Anglo American shares last traded at GBX 2,342 ($29.47), with a volume of 2,776,293 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup restated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on Anglo American from GBX 2,900 ($36.49) to GBX 2,700 ($33.98) and set a “buy” rating for the company in a report on Monday, September 9th. Finally, Berenberg Bank restated a “sell” rating and set a GBX 2,100 ($26.43) price objective on shares of Anglo American in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($34.16).

Anglo American Stock Performance

The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The company has a 50 day moving average price of GBX 2,390.40 and a 200 day moving average price of GBX 2,334.79. The company has a market capitalization of £28.34 billion, a PE ratio of -2,251.92, a PEG ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In other news, insider Nonkululeko Nyembezi bought 297 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 2,348 ($29.55) per share, for a total transaction of £6,973.56 ($8,775.08). 9.78% of the stock is owned by company 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.