Anglo American (LON:AAL) Sets New 52-Week High – Should You Buy?

Anglo American plc (LON:AAL)’s share price hit a new 52-week high 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).

Wall Street Analyst Weigh In

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

Anglo American Price Performance

The firm’s fifty day simple moving average is GBX 2,412.58 and its 200 day simple moving average is GBX 2,354.82. The firm 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 quick ratio of 1.28 and a current ratio of 1.98.

Insider Buying and Selling at Anglo American

In other news, insider Duncan Wanblad sold 22,708 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of GBX 2,388 ($31.07), for a total value of £542,267.04 ($705,433.90). Insiders own 9.78% of the company’s stock.

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.