Anglo American stock: JPMorgan sets GBp 3,850 target for Anglo American stock

Published on 10/19/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Anglo American's next production report is due October 20, 2026. Anglo American stock costs EUR 45.92 on October 19, 2026 at 5:00 p.m. CEST.

Analyst target and reporting date

JPMorgan moved Anglo American's target from GBp 3,350 to GBp 3,850 on October 14, 2026.
Anglo American's third-quarter production report is scheduled for October 20, 2026.
Anglo American stock costs EUR 45.92 at Lang & Schwarz on October 19, 2026 at 5:00 p.m. CEST.
Market capitalization stood at GBP 41.4 billion, while the P/E ratio was minus 21.60.

Luftaufnahme eines terrassierten Kupfer-Tagebaus mit Fahrzeugen bei goldenem Abendlicht — Anglo American plc GB00B1XZS820 zeigt einen riesigen Kupfer-Tagebau mit Baggern und Lastwagen im Abendlicht, Illustration mit AI erstellt.

JPMorgan upgraded Anglo American to Neutral from Underweight and raised its target from GBp 3,350 to GBp 3,850 on October 14, 2026, according to Markets Insider. Against the London price of GBp 3,861 on October 19, 2026, the target sat 0.28 percent below the share price. Anglo American stock was trading at EUR 45.92 at Lang & Schwarz on October 19, 2026 at 5:00 p.m. CEST.

Production report due October 20

Anglo American's investor calendar lists the third-quarter 2026 production report for October 20, 2026. The release is scheduled for 06:00 GMT, giving investors a near-term operating update after the first half of 2026.

First-half EBITDA reached USD 4.00 billion

In the first half of 2026, underlying EBITDA rose 35.00 percent to USD 4.00 billion from USD 3.00 billion in the first half of 2025, according to Anglo American. The company also reported net debt of USD 8.20 billion at June 30, 2026, down from USD 8.60 billion at December 31, 2025, according to the first-half update.

Stock remains within its yearly range

The London listing traded between GBp 2,639.00 and GBp 4,643.80 over the past year. The October 19 price of GBp 3,861.00 was 16.85 percent below the 52-week high and 46.31 percent above the low. The session volume was 1,415,009 shares against an average of 5,291,436.

Valuation and mining peers

Anglo American had a market capitalization of GBP 41.4 billion and a P/E ratio of minus 21.60 on October 19, 2026. Its dividend yield was 1.00 percent. The JPMorgan target of GBp 3,850.00 was 0.28 percent below the London price used for the comparison.

Comparison with peers

Anglo American: P/E minus 21.60, market capitalization GBP 41.4 billion
Rio Tinto (LSE, GBp): minus 1.95 percent, P/E 12.06, market capitalization GBP 108.7 billion
BHP Group (LSE, GBp): minus 2.24 percent, P/E 21.89, market capitalization GBP 157.4 billion

Market view and next date

The immediate test is operational rather than valuation-based. The October 20 production report will provide the next dated indicator for copper, iron ore and diamond output after the first-half EBITDA improvement.

Price and investor perspective

Anglo American combines a near-term production date with a recent JPMorgan target revision. The London share price remained below its 52-week high while the group carried a negative trailing P/E ratio.

Trading continues to be shown in the continuously updated real-time quote of Anglo American stock.