ANTO.L - Antofagasta plc

LSE - LSE Delayed Price. Currency in GBp
952.80
-9.40 (-0.98%)
At close: 4:35PM BST
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Previous Close962.20
Open965.20
Bid929.00 x 38000
Ask987.60 x 120000
Day's Range948.40 - 966.80
52 Week Range744.41 - 1,071.50
Volume2,256,354
Avg. Volume3,681,509
Market Cap9.393B
Beta1.03
PE Ratio (TTM)12.52
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.37 (3.91%)
Ex-Dividend Date2018-04-26
1y Target EstN/A
  • Reuters21 hours ago

    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.2 days ago

    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 Realist3 days ago

    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 Realist3 days ago

    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 Realist3 days ago

    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 Realist3 days ago

    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 Realist8 days ago

    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 Realist8 days ago

    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 Realist9 days ago

    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 Realist10 days ago

    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 Realist10 days ago

    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 Realist10 days ago

    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.

  • Copper Gets Caught in US-China Crossfire
    Market Realist11 days ago

    Copper Gets Caught in US-China Crossfire

    Copper prices have come under pressure this year. While commodities generally follow underlying demand-supply dynamics in the long term, according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed “Doctor Copper” for precisely this reason.

  • What’s Been Affecting Freeport-McMoRan in 2018
    Market Realist11 days ago

    What’s Been Affecting Freeport-McMoRan in 2018

    Freeport-McMoRan (FCX), the leading US-based copper miner, had fallen 5.7% in 2018 as of April 6. Other copper miners saw selling pressure as well. Antofagasta (ANTO) had fallen 8.9%, while First Quantum Minerals (FM) had fallen 1.9%. However, Southern Copper (SCCO) had risen 15.3%. The company, like Turquoise Hill Resources (TRQ), is a pure-play copper miner.

  • Miners boost FTSE 100 to six-week high as trade tensions ease
    Reuters11 days ago

    Miners boost FTSE 100 to six-week high as trade tensions ease

    By Kit Rees and Helen Reid LONDON (Reuters) - Recovering mining stocks boosted Britain's top share index to its highest in six weeks on Tuesday, as concerns around global trade continued to ease. The blue-chip ...

  • What’s Making Analysts Bearish on Southern Copper?
    Market Realist17 days ago

    What’s Making Analysts Bearish on Southern Copper?

    How Analysts View Copper Miners amid Sagging Commodity Prices

  • How Analysts View Antofagasta in 2018
    Market Realist17 days ago

    How Analysts View Antofagasta in 2018

    How Analysts View Copper Miners amid Sagging Commodity Prices

  • How Much Upside Do Analysts See in Glencore as Base Metals Fall?
    Market Realist17 days ago

    How Much Upside Do Analysts See in Glencore as Base Metals Fall?

    Glencore (GLNCY) has received “strong buy” ratings from seven analysts, while 12 analysts have given it “buy” or equivalent ratings. The stock carries a mean consensus target price of 4.59 Great British pounds, which represents a 26.4% upside over its March 27 closing price. The stock carried a target price of 4.19 pounds at the beginning of 2018.

  • How Are Analysts Rating Freeport amid Trade War Fears?
    Market Realist18 days ago

    How Are Analysts Rating Freeport amid Trade War Fears?

    How Analysts View Copper Miners amid Sagging Commodity Prices

  • Copper Inventory Games: Not This Time Please!
    Market Realist18 days ago

    Copper Inventory Games: Not This Time Please!

    While inventory levels are a key price driver, offering insights into the underlying demand-supply balance, we’ve also seen sudden arrivals to and withdrawals from LME (London Metal Exchange) warehouses. The LME copper inventory fell from 301,000 on August 3 to 211,000 on September 8, 2017. Looking at current markets, we’ve again seen a sudden spike in the LME copper inventory.

  • Has Copper’s Bullish Thesis Been Threatened?
    Market Realist18 days ago

    Has Copper’s Bullish Thesis Been Threatened?

    As we discussed earlier, copper rose sharply in December 2017. Among other factors, a wave of labor negotiations has lent support to copper’s bullish thesis. Notably, labor contracts at several leading copper mines, including BHP Billiton–operated (BHP) Escondida, are coming up for negotiation this year.

  • Why Copper Has Been Losing Its Sheen This Year
    Market Realist19 days ago

    Why Copper Has Been Losing Its Sheen This Year

    How Analysts View Copper Miners amid Sagging Commodity Prices

  • Reuters26 days ago

    PRESS DIGEST- Financial Times - March 27

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Abraaj Group may sell stake to strengthen its finances ...

  • Reuters26 days ago

    Workers at Chile's Los Pelambres mine reach deal on labour agreement: union

    Workers at Antofagasta PLC's (ANTO.L) Los Pelambres copper mine in Chile reached agreement on a new labour contract, defusing the risk of a strike, the union said on Monday. Workers in the mine's largest union had last week rejected an offer for a new labour contract, triggering a period of government mediation and raising the spectre of the first-ever strike at a mine owned by Chilean miner Antofagasta. All of the conditions and benefits we obtained are above market-average," said Sergio Munoz, president of Los Pelambres' largest union of workers.

  • Reuters26 days ago

    Workers at Chile's Los Pelambres mine reach deal on labor agreement - union

    Workers at Antofagasta PLC's Los Pelambres copper mine in Chile reached agreement on a new labor contract, defusing the risk of a strike, the union said on Monday. Workers in the mine's largest union had last week rejected an offer for a new labor contract, triggering a period of government mediation and raising the spectre of the first-ever strike at a mine owned by Chilean miner Antofagasta. All of the conditions and benefits we obtained are above market-average," said Sergio Munoz, president of Los Pelambres' largest union of workers.