Anglo American plc 28.9% potential upside indicated by Barclays

Anglo American plc with ticker (LON:AAL) now has a potential upside of 28.9% according to Barclays.



Barclays set a target price of 2,575 GBX for the company, which when compared to the Anglo American plc share price of 1,997 GBX at opening today (29/12/2023) indicates a potential upside of 28.9%. Trading has ranged between 1,630 (52 week low) and 3,699 (52 week high) with an average of 4,273,915 shares exchanging hands daily. The market capitalisation at the time of writing is £26,218,418,849.

Anglo American PLC is a mining company with a portfolio of mining and processing operations and undeveloped resources. The Company’s segments include De Beers, Copper, Platinum Group Metals, Iron Ore, Steelmaking Coal, Nickel, Manganese and Crop Nutrients. De Beers is engaged in the diamond business, which offers rough and polished diamonds. Its Copper projects include Quellaveco copper, Los Bronces, El Soldado, and Collahuasi. Its Platinum Group Metals owns and operates five mining operations in South Africa’s Bushveld complex, including Mogalakwena, Amandelbult and Mototolo, as well as the Unki mine, in Zimbabwe. Its Iron Ore operations provide customers with iron ore content through assets in Brazil and South Africa. Its Steelmaking Coal business includes five operating mines, along with additional development projects and joint-venture interests. Its Nickel business consists of mine assets in Brazil, with two ferronickel production sites: Barro Alto and Codemin.