Anglo American now sits against a refreshed analyst backdrop, with the central fair value estimate moving from £38.39 to £40.73, an increase of around 6%. That shift reflects recent Street research where some analysts lean into the planned Teck Resources combination and copper exposure, while others keep a tighter focus on cost, freight and execution risks. As you read on, you will see how to interpret these changing targets and follow the evolving narrative around Anglo American.

Stay updated as the Fair Value for Anglo American shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Anglo American.

What Wall Street Has Been Saying 🐂 Bullish Takeaways

• Scotiabank initiated coverage of Anglo American with an Outperform rating and a 5,200 GBp target, highlighting the planned Teck Resources deal and a future copper focused Anglo Teck structure as key drivers in its thesis.
• Barclays raised its price target on Anglo American to 4,200 GBp from 4,000 GBp and maintained an Overweight rating, which signals continued conviction in the stock at that valuation level.

🐻 Bearish Takeaways

• JPMorgan lifted its target to 3,350 GBp from 3,160 GBp while maintaining an Underweight rating and placing Anglo American on a negative catalyst watch, flagging what it sees as elevated cost risks versus other European diversified miners.
• The JPMorgan view highlights exposure to high Brazil and South Africa iron ore freight rates as a key pressure point, keeping execution and cost control in sharp focus for more cautious analysts.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!

LSE:AAL 1-Year Stock Price Chart

See how Anglo American's fair value stacks up across multiple valuation models — not just analyst targets.

How This Changes the Fair Value For Anglo American

• Fair Value has moved from £38.39 to £40.73, an increase of around 6%.
• Revenue growth assumption has shifted from 6.47% to 1.52%.
• Profit margin forecast has adjusted from 14.42% to 13.87%.
• Future P/E has changed from 18.21x to 27.58x.
• Discount rate has moved from 9.82% to 10.23%.

Never Miss an Update: Follow The Narrative

Narratives connect Anglo American's business story to the analyst forecast and fair value, so you can see how projects, portfolio changes and risks line up with the numbers. They refresh as new company developments and research come through.

Head over to the Simply Wall St Community and follow the Narrative on Anglo American to stay up to date on:

• How Anglo American is reshaping its portfolio away from thermal coal, PGMs and diamonds into copper and premium iron ore that are tied to electrification and decarbonization demand.
• The impact of operational efficiency programs, major copper projects like Quellaveco and premium iron ore initiatives at Kumba and Minas Rio on margins and cash generation.
• Key risks such as production issues at assets like Collahuasi, delays in selling discontinued businesses including De Beers, high capital intensity and ongoing South African rail and port constraints.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include AAL.L.

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