Anglo American plc with ticker (LON:AAL) now has a potential downside of -13.3% according to Berenberg Bank.
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Berenberg Bank set a target price of 2,100 GBX for the company, which when compared to the Anglo American plc share price of 2,423 GBX at opening today (25/11/2024) indicates a potential downside of -13.3%. Trading has ranged between 1,630 (52 week low) and 2,813 (52 week high) with an average of 2,655,511 shares exchanging hands daily. The market capitalisation at the time of writing is £32,276,458,325.
Anglo American PLC is a global mining company with a portfolio of mining and processing operations and undeveloped resources. The Company’s segments include De Beers, Copper, Platinum Group Metals, Iron Ore, Steelmaking Coal, Nickel, Manganese and Crop Nutrient. De Beers is engaged in the diamond business, which markets and sells polished diamonds and diamond jewelry via its retail brands. Its iron ore operations provide customers with high grade iron ore products. In South Africa, it has a 69.7% interest in Kumba Iron Ore and in Brazil, it owns the integrated Minas-Rio operation. Its Steelmaking Coal business includes the Moranbah and Grosvenor (both 88% ownership) steelmaking coal mines, located in Queensland, Australia. In Manganese, it has a 40% interest in the Samancor joint venture and its operations are located in South Africa and Australia. Its Barro Alto and Codemin nickel assets (both 100% owned) are located in Brazil and produce ferronickel.
Anglo American plc -13.3% potential downside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Anglo American has reported a strong third quarter for 2025, with solid performances in copper and iron ore driving results. Copper output rose 1% year-on-year to 184,000 tonnes, supported by higher grades at Quellaveco and Los Bronces, while Minas-Rio’s iron ore guidance was raised to 23–25 Mt following a successful pipeline inspection.
Anglo American plc has stated that Teck Resources’ updated operational outlook is consistent with its due diligence, confirming the strategic rationale and expected synergies of their planned merger.
Anglo American and Codelco have signed a definitive agreement to coordinate operations at Los Bronces and Andina in Chile. The joint mine plan is expected to deliver an extra 2.7 million tonnes of copper over 21 years from 2030, lowering costs by around 15% and generating at least $5 billion in pre-tax value, shared equally between the partners.
Anglo American and Teck will combine in a merger of equals to form Anglo Teck, expected to provide more than 70% copper exposure and deliver US$800 million in annual pre tax synergies. A further average underlying EBITDA uplift of US$1.4 billion per year is targeted from 2030 to 2049 via Collahuasi and Quebrada Blanca integration.
In Q2 2025, copper production reached 173 kt, down 11% year‑on‑year but up 3% quarter‑on‑quarter, iron ore output rose 2% to 15.9 Mt and manganese surged 109% after operations resumed.
Anglo American PLC has appointed Tom McCulley as Technical Director, succeeding Matt Daley, who is transitioning to a new executive role.
