Anglo American: Oddo BHF raises target price

(CercleFinance.com) - While maintaining its 'neutral' opinion on Anglo American shares, Oddo BHF has raised its target price for them from 2,600 pence to 2,750 pence, after solid production figures for Q4, which testifies to better quality execution.


The broker explains that its TP hike on the mining group's share reflects the rise in most divisions and the disposal of coal on more favourable terms than expected, which more than offset the fall in De Beers.

However, the stock remains fully valued at current prices (5.6x for 2025e EBITDA), with upside that is 11% lower than that of Rio Tinto and Eramet in our coverage, the analyst adds.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.