Anglo American (LON:AAL) Shares Down 10.4% – What’s Next?

Anglo American plc (LON:AAL)’s share price dropped 10.4% during mid-day trading on Tuesday . The stock traded as low as GBX 2,143 ($29.04) and last traded at GBX 2,220 ($30.09). Approximately 3,296,987 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,716,995 shares. The stock had previously closed at GBX 2,477.11 ($33.57).

Analysts Set New Price Targets

AAL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Anglo American from GBX 2,160 ($29.27) to GBX 2,190 ($29.68) and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($28.46) price target on shares of Anglo American in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,522.50 ($34.18).

Anglo American Price Performance

The company has a market cap of £34.66 billion, a price-to-earnings ratio of -20.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a fifty day moving average price of GBX 2,075.41 and a two-hundred day moving average price of GBX 2,286.96. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84.

Insider Transactions at Anglo American

In other news, insider John Heasley sold 18,877 shares of Anglo American stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 2,133 ($28.91), for a total transaction of £402,646.41 ($545,665.28). In the last quarter, insiders have bought 25 shares of company stock valued at $54,658. 9.78% of the stock is owned by corporate insiders.

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.