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How Analysts Are Rating Anglo American in 2018


Feb. 14 2018, Updated 9:01 a.m. ET

Analyst ratings

Anglo American (AAL-L) has received a “strong buy” rating from four analysts, while eight analysts have given it a “buy” rating. Ten analysts have a “hold” rating on the stock, while the remaining three analysts polled by Thomson Reuters on February 9 have rated it as a “strong sell.”

Anglo American carries a mean consensus price target of 1,663.18 Great British pence (or GBp), which represents a 3.6% upside over its February 9 closing price. The stock carried a target price of 1,516.53 GBp at the beginning of 2018. Let’s now see how analysts changed their ratings on Anglo American in 2018.

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Recent action

At the beginning of the year, Jefferies upgraded Anglo American from a “hold” to “buy” and raised its price target from 1,500 GBp to 2,000 GBp. Barclays also raised Anglo American’s price target from 1,270 GBp to 1,550 GBp. On January 11, Morgan Stanley also upgraded Anglo American from “equal weight” to “overweight” and raised its price target from 1,600 GBp to 1,900 GBp. On the same day, RBC raised Anglo American’s price target from 1,950 GBp to 2,050 GBp. However, on January 16, HSBC downgraded Anglo American from a “buy” to a “hold.”

Towards the end of January, BMO and Independent Research also raised Anglo American’s price target to 2,000 and 1,750 GBp, respectively. On February 6, J.P. Morgan also raised Anglo American’s price target from 1,670 to 1,920 GBp.

4Q17 production report

Anglo American produced 148,600 metric tons of copper in 4Q17, which was 1.0% higher than in 4Q16. The company’s 2017 copper production was similar to its 2016 production. Other miners (EWU) (UKX-INDEX) Freeport-McMoRan (FCX) and Glencore (GLEN-L) reported a yearly decline in their 2017 copper production.

In the next article, we’ll see how analysts are rating Antofagasta (ANTO).


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