Deutsche Bank raised target for Anglo American stock to GBp 4,700
Published on 10/13/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Deutsche Bank raised its Anglo American price target from GBp 4,500 to GBp 4,700 on October 7, 2026.
- Anglo American stock stood at EUR 49.25 at Lang & Schwarz on October 13, 2026.
- The third-quarter production report is scheduled for October 20, 2026.
- Anglo American's first-half underlying EBITDA reached USD 4.0 billion, up 35 percent.
Anglo American stock (ISIN GB00BTK05J60) stood at EUR 49.25 at Lang & Schwarz on October 13, 2026, while Deutsche Bank had raised its target from GBp 4,500 to GBp 4,700 on October 7, 2026. The bank kept its Buy rating, giving the mining group a fresh valuation reference before its next operating update.
Target rises to GBp 4,700
According to Yahoo Finance on October 7, 2026, Deutsche Bank increased its Anglo American target from GBp 4,500 to GBp 4,700 and retained a Buy recommendation. The move followed the bank's view that stronger copper fundamentals could support a supply squeeze over the coming quarters.
The target change matters because Anglo American is reshaping its portfolio around copper and other future-facing commodities. Its first-half underlying EBITDA was USD 4.0 billion, up 35 percent, while net debt fell to USD 8.2 billion, according to IG in its October 6, 2026 mining update.
Three milestones shape the story
On July 30, 2026, Anglo American reported first-half underlying EBITDA of USD 4.0 billion, with net debt at USD 8.2 billion. On October 7, 2026, the company warned that its Brazilian nickel operation could move toward care and maintenance if regulators block the USD 500 million sale to MMG, as Reuters reported. On October 13, 2026, the stock stood at EUR 49.25 at Lang & Schwarz.
What comes next for production?
Anglo American's third-quarter production report is scheduled for October 20, 2026, according to the company's investor timetable. The European Commission's review of the nickel transaction also carries a November 30, 2026 deadline, which keeps the disposal timetable relevant to the group's restructuring.
The company had 26,400 full-time employees in the latest company profile, and its portfolio spans copper, iron ore, diamonds, nickel, manganese and crop nutrients. The breadth of the portfolio gives the October production report two tests: operating delivery in copper and progress on the planned exit from non-core assets.
Stock price and market value
Anglo American stock stood at EUR 49.25 at Lang & Schwarz on October 13, 2026 at 10:14 a.m. CEST. The London Stock Exchange listing traded at GBp 4,164 at 8:22 a.m. UTC on October 13, 2026, with a 52-week range of GBp 2,639 to GBp 4,348 and a market capitalization of GBP 44.7 billion.
Market context: Market report FTSE 100.
The further course of trading is shown by the continuously updated real-time quote of Anglo American stock.
Anglo American stock facts
- Company: Anglo American plc
- ISIN: GB00BTK05J60
- Ticker: AAL
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz as of October 13, 2026, 10:14 a.m. CEST: EUR 49.25
- Market capitalization: GBP 44.7 billion as of October 13, 2026
- 52-week range: GBp 2,639.00-GBp 4,348.00 as of October 13, 2026
- Sector / Industry: Basic Materials / Industrial Materials
- Index membership: FTSE 100
- Next earnings date: October 20, 2026
