Anglo American stock: Deutsche Bank cuts target to GBp 3,900.00

Published on 10/23/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diamonds rose to 25-28 million carats on October 20. Anglo American stock costs EUR 43.87 on October 23, 2026, up 1.34 percent versus Xetra close.

Analyst target and production

Deutsche Bank cut its Anglo American target from GBp 4,700.00 to GBp 3,900.00 on October 21, 2026.
Diamond guidance increased to 25-28 million carats for 2026 on October 20, 2026.
Anglo American stock costs EUR 43.87 at Lang & Schwarz on October 23, 2026 at 3:11 p.m. CEST, plus 1.34 percent versus the Xetra close of October 22, 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 cut its 2026 diamond production outlook to 25-28 million carats on October 20, while Deutsche Bank lowered its price target from GBp 4,700.00 to GBp 3,900.00 on October 21. According to MarketBeat, the bank retained a Buy rating. Anglo American stock was trading at EUR 43.87 at Lang & Schwarz on October 23, 2026 at 3:11 p.m. CEST, plus 1.34 percent versus the Xetra close of October 22, 2026 at EUR 43.29.

Deutsche Bank lowers its target

The new GBp 3,900.00 target stands 6.53 percent above the London price of GBp 3,661.00 reported by the finance quote on October 23, 2026. MarketBeat said Deutsche Bank's earlier target was GBp 4,700.00, making the reduction GBp 800.00, while the rating stayed at Buy.

The target revision gives investors a clear counterweight to the operational update. It also places the new target below the GBp 4,300.00 level that MarketBeat said Berenberg maintained with a Hold rating in a report dated October 21, 2026.

Production remains mixed in the third quarter

Anglo American's third-quarter copper production fell 5.00 percent year over year to 174,900 tonnes, while premium iron ore output declined 4.00 percent to 13.8 million tonnes. Manganese increased 6.00 percent to 1.03 million tonnes, and steelmaking coal rose 53.00 percent to 2.9 million tonnes, according to ShareNet on October 20, 2026.

The same report said 2026 copper guidance remained 700,000-760,000 tonnes and premium iron ore guidance stayed at 55-59 million tonnes. The company also said the sale of its Australian steelmaking coal business for up to USD 3.875 billion remained on track for completion in the first quarter of 2027.

Stock position and valuation

Anglo American's London-listed price stood at GBp 3,661.00 on October 23, 2026. The 52-week range was GBp 2,639.00 to GBp 4,643.80, placing the price 21.17 percent below the high and 38.72 percent above the low. MarketBeat listed a market capitalization of GBP 41.4 billion and a negative price-to-earnings ratio of 15.31 on October 21, 2026.

The company is scheduled to complete the coal-business sale in the first quarter of 2027, subject to the process described in the October 20 production report. For the stock, the immediate balance is between lower copper output, unchanged core guidance and the reduced Deutsche Bank target.

Price and investor perspective

The euro quotation is 1.34 percent above the Xetra close of October 22, 2026, while the London price remains below the 52-week high. The next material operating marker is the first-quarter 2027 completion target for the Australian coal disposal.

Anglo American stock was trading at EUR 43.87 at Lang & Schwarz on October 23, 2026 at 3:11 p.m. CEST, plus 1.34 percent versus the Xetra close of October 22, 2026 at EUR 43.29. The further course of trading is shown by the continuously updated real-time quote of Anglo American stock.