Anglo American (OTCMKTS:AAUKF) Stock Crosses Below Fifty Day Moving Average of $39.27

Anglo American plc (OTCMKTS:AAUKF – Get Rating) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $39.27 and traded as low as $30.06. Anglo American shares last traded at $30.10, with a volume of 454 shares trading hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered Anglo American to a “sell” rating and set a $30.30 price objective for the company. in a research report on Thursday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,489.86.

Anglo American Price Performance

The company has a 50 day simple moving average of $39.27 and a 200 day simple moving average of $36.38.

About Anglo American

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Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.