A Reversal for Anglo Pacific Group plc Is Not Near. The Stock Reaches 52-Week High Today


The stock of Anglo Pacific Group plc (LON:APF) hit a new 52-week high and has GBX 240.38 target or 138.00% above today’s GBX 101.00 share price. The 6 months bullish chart indicates low risk for the GBX 170.39 million company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 240.38 price target is reached, the company will be worth GBX 235.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.22% or GBX 1.25 on September 13, hitting GBX 101. About 115,457 shares traded hands. Anglo Pacific Group plc (LON:APF) has risen 81.98% since February 12, 2016 and is uptrending. It has outperformed by 65.49% the S&P500.

Out of 6 analysts covering Anglo Pacific Group PLC (LON:APF), 5 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 83% are positive. GBX 150 is the highest target while GBX 60 is the lowest. The GBX 94.60 average target is -6.34% below today’s (GBX 101) stock price. Anglo Pacific Group PLC has been the topic of 28 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Macquarie Research maintained the stock on September 5 with “Outperform” rating.

Anglo Pacific Group PLC is a United Kingdom company, which focuses on royalties connected with the mining of natural resources. The company has a market cap of 170.39 million GBP. The Company’s producing royalties include Kestrel, Narrabri, Maracas Menchen, El Valle- Boinas/Carles (EVBC) and Four Mile. It currently has negative earnings. The Company’s development royalties include Salamanca, Groundhog, and Amapa & Tucano.

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