Anglo Pacific Group (LON:APF) Shares Pass Above Two Hundred Day Moving Average of $162.66

Anglo Pacific Group plc (LON:APFGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.66 ($1.97) and traded as high as GBX 168.80 ($2.04). Anglo Pacific Group shares last traded at GBX 162.20 ($1.96), with a volume of 184,840 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Beaufort Securities dropped their price objective on shares of Anglo Pacific Group from GBX 400 ($4.83) to GBX 390 ($4.71) and set a “buy” rating for the company in a research note on Thursday, July 28th. Royal Bank of Canada dropped their price objective on shares of Anglo Pacific Group from GBX 340 ($4.11) to GBX 320 ($3.87) and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 390 ($4.71) price objective on shares of Anglo Pacific Group in a research note on Thursday, August 25th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 288 ($3.48).

Anglo Pacific Group Stock Performance

The stock’s 50-day moving average is GBX 159.94 and its 200-day moving average is GBX 162.71. The stock has a market cap of £394.52 million and a price-to-earnings ratio of 319.47. The company has a debt-to-equity ratio of 9.70, a current ratio of 2.46 and a quick ratio of 2.08.

Insider Buying and Selling

In other news, insider Robert Stan bought 25,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of GBX 164 ($1.98) per share, for a total transaction of £41,164 ($49,739.00).

About Anglo Pacific Group

(Get Rating)

Anglo Pacific Group plc operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. Anglo Pacific Group plc was incorporated in 1967 and is headquartered in London, the United Kingdom.

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