Anglo American plc with ticker (LON:AAL) now has a potential downside of -6.1% according to Berenberg Bank.
AAL.L
Berenberg Bank set a target price of 2,100 GBX for the company, which when compared to the Anglo American plc share price of 2,237 GBX at opening today (13/08/2024) indicates a potential downside of -6.1%. Trading has ranged between 1,630 (52 week low) and 2,813 (52 week high) with an average of 3,026,136 shares exchanging hands daily. The market capitalisation at the time of writing is £29,634,018,435.
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 -6.1% potential downside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Anglo American has agreed to sell its Australian steelmaking coal assets to Dhilmar for up to US$3.875 billion, with proceeds used to reduce net debt.
Anglo American said first-quarter copper production rose 1% to 170,400 tonnes, while premium iron ore output slipped 2% to 15.2 million tonnes, with 2026 guidance unchanged.
Underlying EBITDA rose to $6.4 billion in 2025 as Anglo American progressed divestments and secured key approvals for its merger with Teck.
Anglo American and Teck Resources have received approval from the Government of Canada under the Investment Canada Act for their proposed merger of equals.
Anglo American has confirmed that shareholders voted in favour of the resolutions required to implement its merger of equals with Teck Resources Limited.
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.
