Anglo American stock: Scotiabank keeps Buy rating at GBP 54.00 target

Published on 10/22/2026 at 18:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank kept Buy on October 21 at GBP 54.00. Anglo American stock costs EUR 43.63 on October 22, 2026, while London fell 5.60 percent.

Analyst target and production

Scotiabank maintained a Buy rating and a GBP 54.00 target on October 21, 2026.
Anglo American produced 174.9 kilotonnes of copper in the third quarter of 2026, down 5.00 percent year over year.
Anglo American stock costs EUR 43.63 at Lang & Schwarz on October 22, 2026 at 8:12 p.m. CEST, while London fell 5.60 percent.

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.

Anglo American (GB00BTK05J60) drew a GBP 54.00 price target from Scotiabank on October 21, 2026, while the mining group reported weaker third-quarter copper output. The stock was at EUR 43.63 at Lang & Schwarz on October 22, 2026 at 8:12 p.m. CEST.

Scotiabank keeps a bullish rating

According to Markets Insider, Scotiabank analyst Orest Wowkodaw maintained a Buy rating and a GBP 54.00 target on October 21, 2026. The source also reported that Barclays maintained a Buy rating, while Berenberg reiterated a Hold rating on the same day.

JPMorgan had upgraded Anglo American to Neutral from Underweight on October 14, 2026 and raised its target from GBp 3,350.00 to GBp 3,850.00, according to Markets Insider.

What did production show?

Anglo American produced 174.9 kilotonnes of copper in the third quarter of 2026, down 5.00 percent from the same period a year earlier. Quartr reported that premium iron ore production fell 4.00 percent to 13.8 million tonnes, while manganese ore increased 6.00 percent to 1,031 kilotonnes.

The same October 20, 2026 update said Quellaveco copper production rose 8.00 percent from the prior quarter to 80.7 kilotonnes. Anglo American kept 2026 copper production guidance at 700 to 760 kilotonnes and lowered total unit cost guidance to 139 cents per pound from 145 cents.

London shares remain under pressure

The London Stock Exchange quote for Anglo American was GBp 3,625.00 on October 22, 2026 at 4:47 p.m. BST, down 5.60 percent from GBp 3,840.00. The same quotation showed a 52-week range of GBp 2,639.00 to GBp 4,643.80, placing the stock 21.94 percent below its high.

Anglo American's market capitalization was GBP 38.8 billion, and its price-to-earnings ratio was negative 20.39 in the latest market snapshot. BHP Group was down 4.22 percent in London with a price-to-earnings ratio of 20.75 and a market capitalization of GBP 147.8 billion. Rio Tinto was down 3.42 percent with a price-to-earnings ratio of 11.36 and a market capitalization of GBP 101.8 billion.

Price and investor perspective

The latest operating figures leave copper output below the prior-year level, while the 2026 cost guidance points to a lower unit-cost assumption. The GBP 54.00 Scotiabank target sits above the London quotation, but the target and the euro indication represent different trading venues and currencies.

Anglo American was trading at EUR 43.63 at Lang & Schwarz on October 22, 2026 at 8:12 p.m. CEST. On the London Stock Exchange, the stock was at GBp 3,625.00 on October 22, 2026 at 4:47 p.m. BST, down 5.60 percent versus GBp 3,840.00.

The further course of trading is shown by the continuously updated real-time quote of Anglo American stock.