Could Anglo American plc Skyrocket Even More? The Stock Just Made 52-Week High

 Could Anglo American plc Skyrocket Even More? The Stock Just Made 52 Week High

The stock of Anglo American plc (LON:AAL) hit a new 52-week high and has GBX 1842.16 target or 63.00% above today’s GBX 1130.16 share price. The 6 months bullish chart indicates low risk for the GBX 15.82 billion company. The 1-year high was reported on Oct, 31 by Barchart.com. If the GBX 1842.16 price target is reached, the company will be worth GBX 9.97 billion 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 increased 2.79% or GBX 30.66 on October 31, hitting GBX 1130.16. It is down 110.07% since April 1, 2016 and is uptrending. It has outperformed by 106.59% the S&P500.

Anglo American plc (LON:AAL) Ratings Coverage

Out of 27 analysts covering Anglo American PLC (LON:AAL), 7 rate it a “Buy”, 11 “Sell”, while 9 “Hold”. This means 26% are positive. Anglo American PLC has been the topic of 317 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Anglo American plc (LON:AAL) has “Market Perform” rating given on Tuesday, February 16 by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, October 21 by Deutsche Bank. The company was maintained on Monday, April 11 by Liberum Capital. As per Thursday, December 10, the company rating was maintained by Goldman Sachs. The stock has “Underperform” rating given by BNP Paribas on Monday, April 11. Bernstein maintained it with “Outperform” rating and GBX 2050 target price in Monday, October 12 report. The stock of Anglo American plc (LON:AAL) has “Buy” rating given on Monday, November 23 by Deutsche Bank. Liberum Capital maintained the shares of AAL in a report on Wednesday, August 5 with “Sell” rating. Barclays Capital upgraded Anglo American plc (LON:AAL) rating on Wednesday, September 21. Barclays Capital has “Equal Weight” rating and GBX 845 price target. The company was maintained on Wednesday, March 9 by Nomura.

More news for Anglo American plc (LON:AAL) were recently published by: Bloomberg.com, which released: “Anglo Said to Rebuff India Billionaire Agarwal’s Merger Plan” on July 28, 2016. Fool.Co.Uk‘s article titled: “Is Anglo American plc a buy after reporting a 4% rise in production?” and published on October 25, 2016 is yet another important article.

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The company has a market cap of 15.82 billion GBP. The Company’s divisions include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It currently has negative earnings. It produces platinum group metals , which provides approximately 40% of mined platinum and its activities are located in the Bushveld Complex in South Africa.

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