ANTO.L - Antofagasta plc
| Previous Close | 960.00 |
| Open | 938.20 |
| Bid | 879.00 x 38000 |
| Ask | 967.00 x 120000 |
| Day's Range | 928.60 - 960.40 |
| 52 Week Range | 744.41 - 1,071.50 |
| Volume | 4,101,498 |
| Avg. Volume | 3,674,320 |
| Market Cap | 9.377B |
| Beta | 1.03 |
| PE Ratio (TTM) | 12.50 |
| EPS (TTM) | 76.10 |
| Earnings Date | Mar 12, 2018 - Mar 16, 2018 |
| Forward Dividend & Yield | 0.37 (3.91%) |
| Ex-Dividend Date | 2018-04-26 |
| 1y Target Est | 12.97 |
- Simply Wall St.•12 hours 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...
- Reuters•16 hours 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.
Market Realist•yesterdayShould 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?
- Reuters•6 days 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.
- Simply Wall St.•8 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...
Market Realist•8 days agoHow 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.
Market Realist•8 days agoWhat 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.
Market Realist•8 days agoWill 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.
Market Realist•8 days agoCan 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.
Market Realist•13 days agoChina’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.
Market Realist•14 days agoFreeport-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.
Market Realist•15 days agoWhy 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.
Market Realist•15 days agoCould 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.
Market Realist•16 days agoCopper 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.
Market Realist•16 days agoHow 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.
- Market Realist•16 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.
- Market Realist•16 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.
Reuters•16 days agoMiners 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 ...
- Market Realist•22 days ago
What’s Making Analysts Bearish on Southern Copper?
How Analysts View Copper Miners amid Sagging Commodity Prices
Market Realist•23 days agoHow Analysts View Antofagasta in 2018
How Analysts View Copper Miners amid Sagging Commodity Prices
Market Realist•23 days agoHow 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.
- Market Realist•23 days ago
How Are Analysts Rating Freeport amid Trade War Fears?
How Analysts View Copper Miners amid Sagging Commodity Prices
Market Realist•24 days agoCopper 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.
Market Realist•24 days agoHas 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.
- Market Realist•24 days ago
Why Copper Has Been Losing Its Sheen This Year
How Analysts View Copper Miners amid Sagging Commodity Prices
