ANTO.L - Antofagasta plc

LSE - LSE Delayed Price. Currency in GBp
861.60
-25.00 (-2.82%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous Close886.60
Open880.00
Bid863.80 x 0
Ask864.60 x 0
Day's Range861.60 - 890.35
52 Week Range727.60 - 1,026.00
Volume1,513,055
Avg. Volume2,278,861
Market Cap8.336B
Beta (3Y Monthly)0.94
PE Ratio (TTM)13.03
EPS (TTM)66.10
Earnings DateAug 22, 2019
Forward Dividend & Yield0.37 (4.18%)
Ex-Dividend Date2019-09-05
1y Target Est11.28
  • Should Antofagasta plc (LON:ANTO) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should Antofagasta plc (LON:ANTO) Be Part Of Your Dividend Portfolio?

    Is Antofagasta plc (LON:ANTO) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...

  • Pakistan’s Tycoons Offer to Take Over Former Barrick Mine
    Bloomberg

    Pakistan’s Tycoons Offer to Take Over Former Barrick Mine

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterPakistan’s top business tycoons have offered to take over a disputed copper and gold deposit that was once explored by Barrick Gold Corp. and Antofagasta Plc, according to people familiar with the matter.Officials at the provincial Balochistan government are said to have met with a consortium of four business groups including tycoons Arif Habib and Muhammad Ali Tabba who are willing to invest about $1 billion of their own cash in the project, the people said, asking not to be named because the discussions are private. The consortium is willing to go through a bidding process to take over the project, the people said. Pakistan’s provincial government spokesman didn’t respond to requests for comment.An international tribunal run by the World Bank in July ordered Pakistan to pay $5.8 billion in damages to Barrick Gold and Antofagasta after the country denied them a license to develop the Reko Diq mine in 2011. Collecting the funds though may be a challenge, given Pakistan’s fragile economic state. The damages almost match the International Monetary Fund’s $6 billion bailout for Pakistan earlier this year to help the South Asian nation avert an economic crisis.The provincial chief minister has expressed a preference for Pakistani companies to take over the mine, the Dawn newspaper reported earlier this month. The business groups that showed interest in the mining project are: Yunus Brothers Group that owns Lucky Cement Ltd., Arif Habib Group, Fatima Group and the owners of Liberty Power Tech Ltd., the people said. The four are being led by Shamsuddin Shaikh, who spearheaded a group of companies to mine coal from Pakistan’s Thar desert for the first time.Reko Diq is one of the largest undeveloped copper and gold deposits in the world, capable of producing 200,000 tons of copper and 250,000 ounces of gold a year for more than half a century, according to a feasibility study before the dispute. The capital investment at the time would have exceeded $3 billion.To contact the reporter on this story: Faseeh Mangi in Karachi at fmangi@bloomberg.netTo contact the editors responsible for this story: Arijit Ghosh at aghosh@bloomberg.net, Alpana Sarma, Atul PrakashFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 3-Chile's Codelco resumes operations after union calls for end to strike

    Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, had joined a nation-wide strike of state workers in a show of support for protesters' demands for action to tackle inequality in Chile.

  • World’s Top Copper Producer Hit by Unrest as Mines to Halt
    Bloomberg

    World’s Top Copper Producer Hit by Unrest as Mines to Halt

    (Bloomberg) -- Chile’s powerful copper-mining unions are encouraging workers in the world’s top producer to down tools and join anti-government demonstrations that have swept the country for the past five days.Unions representing workers across Chile’s main mines have announced one or two-day stoppages as they call for the government to withdraw the state of emergency and listen to people’s demands. Port terminals, including some key copper-shipping facilities, will join the stoppage, unions said.While Chile is the top copper-producing nation, churning out just under a third of global supply, it’s still unclear how much impact the disruption could have on copper markets, if any. Strikes have become fairly common at Chile’s mines and a two-day stoppage would have minimal effect. In July, about 3,200 machine operators and maintenance workers staged a 14-day strike at Chuquicamata, a mine located in the country’s north.Antofagasta Plc estimated the current civil unrest could potentially disrupt about 5,000 tons of metal, a small amount for a company that produces more than 700,000 tons a year. The strikes are also coming at a time when copper demand is under strain from weak global growth, which could mute the price reaction. Benchmark copper futures were little changed at $5,817.50 a ton on the London Metal Exchange at 6:11 a.m. in Santiago on Wednesday. Prices are down 2.6% this year. “This uprising by Chile’s civil society is genuine and mining workers can’t be mere observers,” said the Mining Federation, an umbrella group of unions in privately-owned mines. “Chile needs social transformation to rebuild trust and recover a democracy that’s been run over by the political class.”On Tuesday night local time, President Sebastian Pinera unveiled a series of measures in a bid to appease the protesters, although it remains unclear if his concessions will defuse the unrest. In a televised speech, Pinera said he plans to raise the maximum income tax, lift basic pensions, introduce a guaranteed minimum income and insurance for health expenses, and control utility prices.South America’s wealthiest nation is immersed in the worst civil unrest since it returned to democracy 29 years ago. What began as a protest against a 4-cent subway-fare hike quickly became an outpouring of broad discontent over economic inequality, pensions, health and education.Escondida, the world’s largest copper mine, halted operations at 8 a.m. local time on Oct. 22 as workers protested. Production will be halted until at least 6.30 a.m. local time on Oct. 23, and the stoppage might continue depending how events unfold in the coming hours, Union No. 1 said.Two-Day StrikeThe umbrella group of unions at top producing company Codelco encouraged workers to join a nationwide call for a two-day strike from Oct. 23. Unions at the Chuquicamata, Ministro Hales and Gabriela Mistral mines said they would join the stoppage, with other Codelco unions yet to confirm their participation.Unions at privately-owned mines also expressed support for the demonstrators’ demands, with the Mining Federation saying workers at a total of nine mines would down tools on Oct. 24 at 8 a.m. Unions signing the statement represent workers at BHP’s Cerro Colorado, Collahuasi, Freeport-McMoRan Inc.’s El Abra and Antofagasta’s Pelambres, Centinela and Zaldivar.Workers at Chilean ports, some of which ship copper, are also planning to join the two-day stoppage, according to umbrella group of unions, Union Portuaria. Ports joining include Iquique, Tocopilla, Antofagasta, Chanaral, Huasco, Ventanas, Valparaiso, San Antonio and Puerto Montt.(Adds Antofagasta production details in fourth paragraph.)To contact the reporter on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Lynn ThomassonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-Antofagasta expects Chile unrest to dent output, issues dismal 2020 outlook

    Copper producer Antofagasta Plc said on Wednesday protests in Chile could cut its production by about 5,000 tonnes, equivalent to less than 3% of third quarter output, due to delays in supplies and travel disruptions for workers. The London-listed miner, which has four mines in Chile and employs about 19,000 people, kept its annual forecast unchanged at 750,000-790,000 tonnes of copper this year but said 2020 output would be lower at 725,000-755,000 tonnes. Antofagasta produced 197,000 tonnes of copper in the third quarter, 0.8% lower than the previous three months but up on the 188,300 tonnes produced a year earlier.

  • Thomson Reuters StreetEvents

    Edited Transcript of ANTO.L earnings conference call or presentation 22-Aug-19 11:00am GMT

    Half Year 2019 Antofagasta PLC Earnings Call (Q&A)

  • GuruFocus.com

    Third Avenue Value Fund Buys 3 Stocks in 2nd Quarter

    Fund Marty Whitman founded releases portfolio update

  • Reuters

    Chile's Zaldivar mine asks for more time to answer questions amid Atacama water concerns

    Chilean copper miner Antofagasta Plc said on Tuesday it would ask regulators for more time to answer questions about an environmental impact study for its Zaldivar mine, which draws water from Chile's lithium-rich Atacama salt flat. Chilean regulators last year delayed their review of Zaldivar's environmental study amid rising concerns over dwindling water supplies at Atacama. The Atacama salt flat is home to lithium miners SQM and Albemarle Corp, which together produce one-third of the world's supply of the ultralight battery metal.

  • What Are Analysts Saying About Antofagasta plc's (LON:ANTO) Growth?
    Simply Wall St.

    What Are Analysts Saying About Antofagasta plc's (LON:ANTO) Growth?

    In December 2018, Antofagasta plc (LON:ANTO) released its earnings update. Generally, the consensus outlook from...

  • How Do Analysts See Antofagasta plc (LON:ANTO) Performing In The Years Ahead?
    Simply Wall St.

    How Do Analysts See Antofagasta plc (LON:ANTO) Performing In The Years Ahead?

    In December 2018, Antofagasta plc (LON:ANTO) announced its most recent earnings update, which signalled that the...

  • Reuters

    FTSE rises slightly thanks to mining stocks

    By Muvija M and Shashwat Awasthi (Reuters) - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely ...

  • Reuters

    Without U.S.-China trade war, copper price would be higher - Antofagasta chairman

    A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairman for Chile's Antofagasta Plc told a Chilean newspaper on Sunday. "Without the commercial war, I am convinced that the price of copper would be between $3.20 and $3.50 per pound," Jean-Paul Luksic said in an interview with El Mercurio. The bruising trade war, which has slowed the global economy, is clouding the outlook for demand from top metals consumer China.

  • If You Had Bought Antofagasta (LON:ANTO) Stock Three Years Ago, You Could Pocket A 93% Gain Today
    Simply Wall St.

    If You Had Bought Antofagasta (LON:ANTO) Stock Three Years Ago, You Could Pocket A 93% Gain Today

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! By buying an index fund, investors can approximate the average market return. But if you ch...

  • Sainsbury's drags FTSE 100 lower, Taylor Wimpey warning knocks housebuilders
    Reuters

    Sainsbury's drags FTSE 100 lower, Taylor Wimpey warning knocks housebuilders

    The FTSE 100 and the FTSE 250 lost 0.6 percent each. Sainsbury's tumbled 4.7 percent to a near three-year low after the supermarket chain scrapped its proposed 7.3 billion pound takeover of Walmart-owned Asda after the deal was blocked by Britain's competition regulator. "The failure of securing a merger with Asda leaves the group in a bit of a vacuum, with leadership and strategic uncertainties the byproduct of the CMA's rebuttal," Jefferies analysts said.

  • Reuters

    Anglo American Q1 output falls; copper, Minas-Rio iron ore rise

    Anglo American said on Thursday technical problems dragged first-quarter production down 6 percent, but copper output rose, as did that of iron ore from its Minas-Rio mine in Brazil, which ramped up operations after a leak last year. The stock extended losses from the prior session, when JPMorgan warned of a $900 million cut to 2020 core profit if Minas-Rio failed to obtain a Brazilian tailings permit by the end of the year. JPMorgan downgraded the stock to "neutral" from "overweight", saying the share no longer looked cheap.

  • Reuters

    Antofagasta copper output rises as China fears threaten demand

    Antofagasta said on Wednesday production in the quarter was bolstered by better quality ore and higher output, mainly at its Centinela mine, and kept its annual output forecast of 750,000-790,000 tonnes unchanged. The FTSE 100 company, majority-owned by Chile's Luksic family, said production in the first quarter of 2019 rose to 188,600 tonnes from 153,800 tonnes a year earlier. Total copper production at Centinela was 68,800 tonnes, 45.5 percent higher than 2018.

  • Reuters

    CRU-CESCO-Copper industry to see more disruptions in 2019 -Antofagasta CEO

    The global copper industry will be rocked by more disruptions this year than in 2018, contributing to a supply deficit as demand for the red metal continues to grow, the top executive of Chilean miner Antofagasta told Reuters. Antofagasta CEO Ivan Arriagada said labor strife, extreme weather and unexpected project delays will knock as much as a million tonnes off the year's total copper production, versus 600,000 the previous year. "We think this year there will be bigger disruptions than last, which was unusually tranquil," said Arriagada in an interview on the sidelines of CRU's World Copper Conference in Santiago.

  • Reuters

    CRU-CESCO-Codelco 'perfectly well' financed for next two years - board chairman

    Chile's Codelco, the world's biggest copper producer, is "perfectly well financed" for the next two years as it pushes forward with its largest-ever drive to revitalize its aging mines, Chairman Juan Benavides said on Wednesday. State-owned Codelco, which produces nearly one-tenth of the world’s copper, is set to shell out $40 billion in 10 years to overhaul its century-old Chuquicamata and El Teniente mines, among others. "Codelco has its finances in perfect order with respect to our requirements today," Benavides said in an interview with Reuters.

  • Reuters

    CRU-CESCO-Antofagasta to stay put on dividend policy but will return cash to shareholders

    Chilean miner Antofagasta Plc will retain its dividend policy of paying out at least 35 percent of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to around 50 percent of net earnings.

  • Reuters

    Copper producers gather; electric cars seen driving demand growth

    Despite these challenges, the industry is planning for substantial growth in the next decade thanks to an expected boom in production of electric vehicles, which use twice as much copper as internal combustion engines. Meanwhile, global visible inventory in the form of combined stocks held by the London Metal Exchange, Comex and the Shanghai Futures Exchange have nearly halved from a year ago to around 500,000 tonnes, data from the exchanges show.

  • Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty
    Market Realist

    Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty

    Freeport-McMoRan: Bulls Short of Ideas amid Macro UncertaintyFreeport-McMoRan Leading US-based copper miner Freeport-McMoRan (FCX) has been trading largely sideways this month, which is not surprising, considering copper price trends. Although copper