ANTO.L - Antofagasta plc

LSE - LSE Delayed Price. Currency in GBp
1,098.00
+5.00 (+0.46%)
At close: 4:35PM BST
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Previous Close1,093.00
Open1,086.50
Bid1,029.00 x 38000
Ask1,110.00 x 120000
Day's Range1,075.85 - 1,103.00
52 Week Range748.50 - 1,103.00
Volume1,646,202
Avg. Volume3,849,473
Market Cap10.825B
Beta1.03
PE Ratio (TTM)14.43
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.37 (3.88%)
Ex-Dividend Date2018-04-26
1y Target EstN/A
  • Does Antofagasta plc’s (LON:ANTO) PE Ratio Signal A Selling Opportunity?
    Simply Wall St.10 hours ago

    Does Antofagasta plc’s (LON:ANTO) PE Ratio Signal A Selling Opportunity?

    Antofagasta plc (LSE:ANTO) trades with a trailing P/E of 19.3x, which is higher than the industry average of 13.3x. While ANTO might seem like a stock to avoid or sellRead More...

  • Brokerages Take a Fresh Look at First Quantum Minerals in May
    Market Realist6 days ago

    Brokerages Take a Fresh Look at First Quantum Minerals in May

    First Quantum Minerals (FM) has received a “strong buy” rating from five analysts, while nine analysts have a “buy” or equivalent rating on the stock. The remaining ten analysts polled by Thomson Reuters on May 14 rate the stock as a “hold.”

  • How Analysts Rate Antofagasta in 2Q18
    Market Realist6 days ago

    How Analysts Rate Antofagasta in 2Q18

    Antofagasta (ANTO) has received a “strong buy” rating from five analysts, while four analysts rate the stock as a “buy” or some equivalent. Antofagasta produced 153,800 metric tons of copper in 1Q18, which was 10.5% lower as compared to the corresponding period last year. Antofagasta expects to produce between 705,000 and 740,000 metric tons of copper in 2018 as compared to 704,300 metric tons last year.

  • How Much Downside Do Analysts See in Southern Copper?
    Market Realist6 days ago

    How Much Downside Do Analysts See in Southern Copper?

    Southern Copper (SCCO) has received a “hold” rating from five analysts. Four analysts have a “sell” rating on the stock, while the remaining one analyst polled by Thomson Reuters on May 14 has rated the stock as a “strong sell.” The stock hasn’t received any “buy” or equivalent ratings.

  • How Analysts Rate Freeport-McMoRan in May
    Market Realist7 days ago

    How Analysts Rate Freeport-McMoRan in May

    Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while seven analysts rate the stock as a “buy” or some equivalent. 12 analysts have a “hold” rating on the stock, while three analysts polled by Thomson Reuters on May 14 rate the stock as a “sell.”

  • How Analysts Rate Copper Miners after 1Q18 Earnings
    Market Realist7 days ago

    How Analysts Rate Copper Miners after 1Q18 Earnings

    We’re now reaching the end of the 1Q18 earnings season, and most mining companies have already released their quarterly earnings results. Some companies including Antofagasta (ANTO) and Glencore (GLNCY) have released only their quarterly production reports in 1Q18, and not metrics like revenue and EBITDA, which they only release twice a year.

  • Is Antofagasta plc (LON:ANTO) Expensive For A Reason? A Look At The Intrinsic Value
    Simply Wall St.8 days ago

    Is Antofagasta plc (LON:ANTO) Expensive For A Reason? A Look At The Intrinsic Value

    In this article I am going to calculate the intrinsic value of Antofagasta plc (LSE:ANTO) using the discounted cash flows (DCF) model. If you want to learn more about thisRead More...

  • Grasberg Impacts Freeport-McMoRan’s Valuation
    Market Realist15 days ago

    Grasberg Impacts Freeport-McMoRan’s Valuation

    As we noted in the previous part, Freeport-McMoRan (FCX) faces uncertainties in its Grasberg mine in Indonesia. Despite agreeing to sell a majority stake in the mine towards Indonesian interests, the company hasn’t been able to strike a final deal with the Indonesian government. Rio Tinto (RIO) is also negotiating a stake sale with the Indonesian government.

  • Are There Any Bullish Triggers for Copper Prices?
    Market Realist18 days ago

    Are There Any Bullish Triggers for Copper Prices?

    So far, copper prices have been subdued in 2018. Copper has seen a sharp rally since 1Q16. Copper has been struggling to hold the $7,000 per metric ton price level this year. Ample supplies, highlighted by low treatment and refining charges and rising inventories, have been bearish drivers for copper prices. Trade friction between the US and China hasn’t helped copper’s cause either. Copper miners including Freeport-McMoRan (FCX) and Antofagasta (ANTO) have also followed copper lower. ...

  • Freeport-McMoRan: What to Expect Moving Forward
    Market Realist18 days ago

    Freeport-McMoRan: What to Expect Moving Forward

    Freeport-McMoRan (FCX) is having a dismal run in 2018. Based the company’s closing prices on May 2, the stock has fallen 20.3% this year. The SPDR Dow Jones Industrial Average ETF (DIA) has lost 2.8% during this period. Looking at other miners, Antofagasta (ANTO) and Teck Resources (TECK) have lost 2.5% and 4.4%, respectively. However, Southern Copper (SCCO) has risen 9.0% year-to-date.

  • How Do Analysts See Antofagasta plc (LON:ANTO) Performing Over The Next Few Years?
    Simply Wall St.26 days ago

    How Do Analysts See Antofagasta plc (LON:ANTO) Performing Over The Next Few Years?

    The latest earnings update Antofagasta plc’s (LSE:ANTO) released in December 2017 indicated that the company benefited from a major tailwind, more than doubling its earnings from the prior year. BelowRead More...

  • Reuters26 days ago

    Shell's cash flow disappointment drags FTSE down

    Britain's FTSE was flat on Wednesday, failing to ride a timid bounce by European shares as a missed cash flow forecast from Royal Dutch Shell (RDSa.L) disappointed investors and weighed heavily on the blue chip index . The FTSE (.FTSE) was flat at 0904 GMT, slightly below the broader European market boosted by encouraging corporate results at the exception of Germany's DAX (.GDAXI), which suffered from airline Lufthansa's weak earnings. Despite a 42 percent rise in first-quarter profit on stronger oil price, shares in Shell, a FTSE heavyweight, fell 2.9 percent as cash flows fell short of investors' strong expectations.

  • Should Freeport’s Lower Guidance Concern Investors?
    Market Realist27 days ago

    Should Freeport’s Lower Guidance Concern Investors?

    During its 1Q18 earnings call, Freeport-McMoRan (FCX) provided its revised operating guidance. Freeport expects to start its Grasberg underground operations towards the end of 2018. What would lower shipments mean for Freeport’s earnings?

  • Reuterslast month

    Cochilco forecasts Chile's 2018 copper output up 4.3 pct

    Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018, up 4.3 percent from 2017, while estimating copper prices at $3.06 per pound this year. The projections follow a difficult year for the world's top copper producer in 2017, after workers at BHP's Escondida copper mine, the world's largest, walked off the job for a month and a half, putting a dent in Chile's economy and sending shockwaves through the market. "We receive these projections with optimism...though we must be cautious about the risks that continue to exist in the market," said Pablo Terrazas, Chile's undersecretary of mining.

  • Interested In Antofagasta plc (LON:ANTO)’s Upcoming £0.41 Dividend? You Have 6 Days Left
    Simply Wall St.last month

    Interested In Antofagasta plc (LON:ANTO)’s Upcoming £0.41 Dividend? You Have 6 Days Left

    Important news for shareholders and potential investors in Antofagasta plc (LSE:ANTO): The dividend payment of $0.41 per share will be distributed into shareholder on 25 May 2018, and the stockRead More...

  • How Wall Street Sees Freeport-McMoRan this Earnings Season
    Market Realistlast month

    How Wall Street Sees Freeport-McMoRan this Earnings Season

    Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.

  • What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call
    Market Realistlast month

    What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call

    Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.

  • Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?
    Market Realistlast month

    Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?

    In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.

  • Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?
    Market Realistlast month

    Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?

    Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.

  • China’s Copper Imports Steady in March amid Rising Inventories
    Market Realistlast month

    China’s Copper Imports Steady in March amid Rising Inventories

    China is the world’s biggest copper importer. Copper mining is concentrated in Latin America (ILF). Freeport-McMoRan (FCX) and Southern Copper (SCCO) have plants in the copper-rich region. China’s copper imports are seen as an indicator of the country’s copper demand. In this article, we’ll look at China’s March 2018 copper imports.

  • Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?
    Market Realistlast month

    Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?

    Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 4.5x, whereas copper mining peers Antofagasta (ANTO) and Anglo American (AAL-L) have EV-to-EBITDA multiples of 5.5x and 4.7x, respectively, and Southern Copper (SCCO) and Glencore (GLNCY) have multiples of 5.8x and 11.0x. Based on the above 2018 multiples, Freeport appears to be the cheapest among the copper mining stocks we’re covering, while Southern Copper appears to be the most expensive. This year has been an unusual one for Freeport, as it is ending open-pit mining at its Grasberg mine.

  • Why Copper Miners Have Been Resilient This Year
    Market Realistlast month

    Why Copper Miners Have Been Resilient This Year

    Pure-play copper miners Freeport-McMoRan (FCX) and First Quantum Minerals (FM) had fallen 5.7% and 1.9%, respectively, this year as of April 6. What does this divergence between copper and miner stock prices tell us? In the case of copper miners such as Antofagasta (ANTO), earnings are sensitive to changes in copper prices.

  • Could Copper Markets Reach a Surplus in 2018?
    Market Realistlast month

    Could Copper Markets Reach a Surplus in 2018?

    Whether markets are in a state of deficit or surplus is a function of both supply and demand. In this article, we’ll look at leading copper miners’ 2018 operating plans to gauge how copper supply could play out this year. According to CNBC, Codelco CEO Nelson Pizarro stated that the world’s largest copper miner expects to produce “slightly more than 1.7 million tonnes of copper in 2018.” Codelco produced 1.7 billion pounds of copper last year, and the company expects its 2018 copper production to be similar.

  • Copper Bulls Left Disheartened amid Smooth Labor Talks
    Market Realistlast month

    Copper Bulls Left Disheartened amid Smooth Labor Talks

    Copper miners, including Freeport-McMoRan (FCX), Southern Copper (SCCO), and Antofagasta (ANTO), rallied last year as the metal surged ~30%. The charges are paid by copper miners to smelters for processing copper concentrates. Over the last year or so, LME inventory changes have been notorious for their timing, with sudden rises or falls impacting copper prices.

  • How Copper’s Fundamentals Look amid Trade War Buzz
    Market Realistlast month

    How Copper’s Fundamentals Look amid Trade War Buzz

    In 2018, some observers expected copper to remain bullish amid a wave of labor contracts at leading copper mines including BHP Billiton’s (BHP) Escondida, the world’s largest copper mine. Also, Antofagasta (ANTO) managed to avert a strike at its Los Pelambres copper mine. To contrast, in 2017, there were disruptions at several mines, including some operated by Freeport-McMoRan (FCX), Southern Copper (SCCO), and Teck Resources (TECK). In the next article, we’ll see what fundamentals suggest for copper prices.