Deutsche Bank raised target for Anglo American stock to GBp 4,700

Published on 10/12/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank set a GBp 4,700 target on October 7, 2026. Anglo American stock costs EUR 49.34 on October 12, 2026, with GBP 44.8 billion value.

Key points in brief

Deutsche Bank raised Anglo American's target from GBp 4,500 to GBp 4,700 on October 7, 2026.
Anglo American reported first-half 2026 underlying EBITDA of USD 4.0 billion, up 35 percent.
The stock was trading at EUR 49.34 at Lang & Schwarz on October 12, 2026 at 10:37 a.m. CEST.
Anglo American's next scheduled operating update is its third-quarter 2026 production report on October 20, 2026.

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 stock was trading at EUR 49.34 at Lang & Schwarz on October 12, 2026 at 10:37 a.m. CEST, while Deutsche Bank had raised its target from GBp 4,500 to GBp 4,700 on October 7, 2026, according to Yahoo Finance. The increase equals 4.44 percent and leaves the mining group with a clearly defined analyst benchmark in pence rather than euros.

First-half EBITDA rose 35 percent

Anglo American's first-half 2026 underlying EBITDA rose 35 percent to USD 4.0 billion, according to Investing.com. Copper generated USD 2.9 billion of underlying EBITDA with a 60 percent margin in that period, making the metal the central earnings driver in the reported portfolio.

The same first-half summary puts production at 344,000 tonnes of copper and full-year guidance at 700,000 to 760,000 tonnes. Those figures give the October operating update a measurable test: production must remain on a path toward the stated annual range.

Nickel sale carries regulatory risk

On October 7, 2026, Anglo American warned that a regulatory block on its USD 500 million Brazilian nickel sale to MMG could force the operation into care and maintenance, as Global Banking and Finance Review reported. The potential closure is a counterweight to the stronger copper contribution because it shows how portfolio simplification can still create operational and regulatory costs.

What comes next for production?

Anglo American's investor calendar schedules its third-quarter 2026 production report for October 20, 2026, at 6:00 a.m. GMT, according to the company's investor relations page. The report will provide the next dated operating check against the 344,000 tonnes produced in the first half and the 700,000 to 760,000 tonne full-year guidance range.

Target and price in separate currencies

At Lang & Schwarz, Anglo American was trading at EUR 49.34 on October 12, 2026 at 10:37 a.m. CEST. Deutsche Bank's GBp 4,700 target and the Lang & Schwarz euro quotation use different currencies, so the target is not converted into a euro premium or discount.

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