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Anglo American
(LSE:AAL)
Anglo American (AAL) vs. iShares MSCI United Kingdom ETF (EWC)
Anglo American Business Overview & Revenue Model
Anglo American Earnings Call Summary
Anglo American Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.78B | 27.29B | 30.65B | 35.12B | 41.55B | 25.45B |
| Gross Profit | 24.13B | 27.29B | 15.04B | 21.82B | 28.30B | 15.91B |
| EBITDA | 1.45B | 3.32B | 7.27B | 12.44B | 19.73B | 8.62B |
| Net Income | -4.28B | -3.07B | 283.00M | 4.51B | 8.56B | 2.09B |
Balance Sheet | ||||||
| Total Assets | 57.27B | 64.87B | 66.54B | 67.41B | 65.98B | 62.53B |
| Cash, Cash Equivalents and Short-Term Investments | 8.14B | 8.20B | 5.60B | 8.46B | 9.12B | 7.53B |
| Total Debt | 16.99B | 18.21B | 16.91B | 14.37B | 12.86B | 13.51B |
| Total Liabilities | 31.69B | 36.33B | 34.93B | 33.38B | 31.21B | 29.77B |
| Stockholders Equity | 19.34B | 20.76B | 25.06B | 27.36B | 27.82B | 25.82B |
Cash Flow | ||||||
| Free Cash Flow | 2.07B | 2.49B | 484.00M | 3.57B | 10.99B | 1.97B |
| Operating Cash Flow | 6.36B | 8.10B | 6.50B | 9.77B | 16.72B | 6.62B |
| Investing Cash Flow | -4.73B | -5.13B | -5.56B | -5.82B | -5.56B | -4.74B |
| Financing Cash Flow | -4.38B | -840.00M | -3.22B | -4.37B | -9.36B | -716.00M |
Anglo American Technical Analysis
Anglo American Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £106.71B | 12.99 | 18.43% | 4.75% | -3.50% | -7.04% | |
68 Neutral | £483.86M | 74.05 | 3.23% | ― | -32.18% | -58.29% | |
68 Neutral | £56.68B | -36.91 | -5.26% | 1.89% | -1.06% | -285.88% | |
66 Neutral | £35.33B | -10.21 | -9.21% | 0.80% | -27.65% | -160.77% | |
66 Neutral | £319.76M | -13.60 | -6.87% | 1.69% | -63.09% | -253.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £232.58M | -6.03 | -4.64% | 7.30% | 6.65% | -159.09% |
Anglo American Corporate Events
Anglo American has confirmed that, as of 31 December 2025, its issued share capital stands at 1,178,050,272 ordinary shares, with no shares held in treasury, resulting in an identical total number of voting rights. The disclosure, made under UK Financial Conduct Authority rules, provides the official denominator for investors and other obligated parties to calculate and report significant shareholdings, while clarifying that nearly 99 million shares held by independent entities from a past share buyback programme are non-voting, subtly shaping the company’s effective free-float voting base and governance profile.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has disclosed that its chair, Stuart Chambers, and non-executive directors Magali Anderson and Nonkululeko Nyembezi have acquired ordinary shares in the company on the London Stock Exchange under a ‘shares in lieu of fees’ scheme for the period from 1 October to 31 December 2025. The transactions, executed on 22 December at £28.82 per share, convert after-tax board fees into equity, modestly increasing directors’ holdings and signalling continued alignment of the board’s interests with those of shareholders, in line with UK market abuse regulation disclosure requirements.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has published provisional timetables for its 2026 final and interim dividends, setting out key dates for announcement, ex-dividend trading, record dates and payment across its London, Johannesburg and Botswana listings. The schedules, which remain subject to confirmation in the group’s 2026 interim and full-year results and, for the final dividend, approval at the April 2026 AGM, also detail how shareholders can elect payment currencies (US dollars, pounds sterling, euros, South African rand and Botswana pula) and participate in the Dividend Reinvestment Plan. The notice clarifies blackout periods for transferring shares between the principal and branch registers, outlines South African dividend tax treatment and confirms the mechanism for FX conversion via forward contracts, signalling continued adherence to a predictable, internationally coordinated dividend distribution framework for investors.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has provided a formal update under the UK Takeover Code on the portfolio reshaping it first outlined in May 2024, detailing significant progress on disposals and separations across its non-core commodities. The group has agreed the sale of its nickel business to MMG for up to US$500 million, pending final EU regulatory approval, and has fully exited its former Anglo American Platinum stake, realising about US$2.5 billion from the sale of its remaining 19.9% holding after a prior majority demerger. In steelmaking coal, the company has completed the A$1.6 billion sale of its 33.3% Jellinbah Group interest but is re-running a formal sale process for its remaining steelmaking coal assets after Peabody Energy moved to terminate a planned US$3.775 billion acquisition. Anglo American also reports that a dual‑track separation and structured sale of its De Beers diamond business is progressing, while development of the Woodsmith crop nutrients project has been deliberately slowed to focus on critical technical work and validation of capital and schedule assumptions, keeping 2025 capex around US$0.3 billion as it works toward meeting key conditions for full project sanction. Collectively, these actions underscore Anglo American’s drive to simplify its portfolio and concentrate capital on copper, premium iron ore and crop nutrients, reshaping its commodity mix and risk profile in a way that is likely to be closely watched by shareholders, customers and host countries.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £3400.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American plc has disclosed share transactions involving its leadership team under its HMRC-approved Share Incentive Plan, which allows employees to acquire company shares through salary deductions alongside matching shares provided by the company. The notification signifies a reinforcement of leadership commitment to the company’s goals, aligning executive interests with shareholder value and showcasing adherence to transparent governance practices.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £3400.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American and Teck Resources have received Canadian government approval for their merger, forming Anglo Teck, a global critical minerals leader headquartered in Canada. This merger promises significant investment in Canada, with commitments to spend at least C$4.5 billion in the next five years and a total of C$10 billion over 15 years, enhancing mining projects and supporting local communities and Indigenous peoples.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American and Teck Resources Limited have received shareholder approval for a merger to form Anglo Teck, a new entity that will be a global leader in critical minerals and a top five global copper producer. This merger is expected to deliver significant value to shareholders through synergies and growth opportunities, with over 70% exposure to copper. The completion of the merger is subject to regulatory approvals across various jurisdictions.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £3218.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has announced that its shareholders have approved a merger with Teck Resources Limited to form the Anglo Teck group. This merger aims to create a global leader in critical minerals, with a strong focus on copper, and is expected to enhance the company’s growth potential and market positioning. The merger is still subject to approval by Teck’s shareholders and various regulatory bodies, but it represents a significant strategic move for Anglo American, aligning with its goals of operational excellence, portfolio simplification, and growth.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £3218.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has decided to withdraw Resolution 2 from its upcoming General Meeting agenda, which proposed amendments to the Long-Term Incentive Plan Awards for executive directors. This decision follows shareholder consultations that, despite support for the resolution’s objectives, raised concerns about broader remuneration principles. The withdrawal does not impact the merger with Teck Resources, which hinges on the approval of Resolution 1. The company remains committed to engaging with shareholders to refine its remuneration policy for future meetings.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £3218.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American plc announced that as of November 30, 2025, its issued share capital consists of 1,178,050,272 ordinary shares, with no shares held in Treasury. This update is crucial for shareholders and stakeholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. Notably, a significant portion of these shares is held by independent companies that have waived their voting rights, impacting the overall voting dynamics within the company.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American plc announced that Marcelo Bastos, a Non-Executive Director, has purchased 870 Ordinary Shares at a price of GBP 28.38 per share. This transaction, conducted on the London Stock Exchange, reflects a strategic move by the director and may indicate confidence in the company’s future performance.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2200.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American plc has announced transactions involving its Ordinary Shares by Directors and Persons Discharging Managerial Responsibilities (PDMRs) under its Share Incentive Plan. This plan, approved by UK HM Revenue & Customs, allows employees to purchase shares through salary deductions and receive matching shares from the company. The transactions, which took place on November 14, 2025, on the London Stock Exchange, involve several key executives, including the CEO and CFO, acquiring shares at a price of GBP 28.07 each. This move reflects the company’s ongoing commitment to aligning employee interests with shareholder value and enhancing stakeholder engagement.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2200.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has announced the publication of a shareholder circular for its merger with Teck Resources Limited, forming a new entity, Anglo Teck, headquartered in Canada. This merger aims to create a global leader in critical minerals, enhancing portfolio quality and strategic positioning, and is expected to deliver significant growth and value for shareholders through operational synergies and a focus on sustainability.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American Capital plc has announced the redemption of its EUR500 million 1.625% Guaranteed Notes due March 2026, which will be redeemed at their principal amount plus accrued interest on December 11, 2025. This move will result in the cancellation of the Notes’ listing on the London Stock Exchange, reflecting the company’s strategic financial management and potentially impacting its financial structure and stakeholders.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American plc announced that as of October 31, 2025, its issued share capital consists of 1,178,050,272 ordinary shares, with no shares held in treasury, resulting in an equal number of voting rights. This information is crucial for shareholders and other stakeholders for compliance with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Notably, certain shares held by independent companies from a previous share buyback program have waived their voting rights, impacting the overall voting dynamics within the company.
The most recent analyst rating on (GB:AAL) stock is a Buy with a £3100.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American reported a solid third quarter in 2025, with strong performances in copper and iron ore, particularly at its Minas-Rio operation in Brazil. The company increased its full-year production guidance for iron ore due to successful operational performance and pipeline inspections. In steelmaking coal, progress is being made towards resuming normal operations at Moranbah North and Grosvenor, while the company continues to simplify its portfolio by divesting interests in Valterra Platinum and advancing regulatory approvals for its nickel transaction. Additionally, Anglo American’s strategic merger with Teck aims to create a global critical minerals leader, enhancing its copper exposure and industrial synergies.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2333.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American reported a solid third quarter for 2025, with strong performances in copper and iron ore, particularly at its Quellaveco and Los Bronces operations, and an increased production outlook for its Minas-Rio iron ore operation in Brazil. The company is making progress in its strategic portfolio simplification, including divesting its interest in Valterra Platinum and advancing regulatory approvals for a nickel transaction. Additionally, Anglo American is preparing to restart its steelmaking coal operations and has announced a significant merger with Teck to enhance its position as a global critical minerals leader, particularly in copper.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2333.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American announced that Hixonia Nyasulu will step down as a non-executive director of its Board effective 31 December 2025, after six years of service. Her departure is part of a broader board portfolio focus, and her contributions have been acknowledged by the Chair, Stuart Chambers, for enriching board discussions with her extensive experience in natural resources, energy, and financial services. This change is part of Anglo American’s ongoing structural adjustments aimed at focusing on its core assets in copper, premium iron ore, and crop nutrients, following the divestment of its coal and nickel businesses and the separation of its diamond business.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2333.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has announced a merger of equals with Teck Resources to form Anglo Teck, a global leader in critical minerals, headquartered in Canada. This merger is a significant transaction under UK Listing Rules and follows several strategic moves by Anglo American, including the sale of its interests in Valterra Platinum and its nickel business, as well as the acquisition of iron ore resources in Brazil. The merger aims to strengthen the company’s position in the critical minerals market, potentially impacting stakeholders and enhancing its operational capabilities.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2760.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.
Anglo American has announced transactions involving its Ordinary Shares by Directors and Persons Discharging Managerial Responsibilities (PDMRs) under its Share Incentive Plan. This plan allows employees to purchase shares through salary deductions and receive matching shares from the company. The transactions, which took place on October 14, 2025, at the London Stock Exchange, involve key executives, including the CEO and CFO, acquiring shares at a price of GBP 29.09. This move aligns with the company’s strategy to engage employees in its growth and aligns their interests with those of shareholders.
The most recent analyst rating on (GB:AAL) stock is a Hold with a £2250.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.