Antofagasta PLC

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Market Cap:
£8.1 billion
52 weeks high
52 weeks low

Viewing results 1-25 of 79


Antofagasta and Barrick Gold JV wins $5.84bn in damages over Pakistan's Reko Diq dispute

The pair's 50:50 joint venture Tethyan Copper had filed an arbitration claim in 2011 after it was denied a mining lease for one of the largest undeveloped copper and gold deposits in the world ...

on 15/7/19

Liberum ups blue chip miner Antofagasta to ‘hold’ from ‘sell’, says would not now be short of copper equities

“Copper prices have been weighed down by negative global growth sentiment, driven by the continuing trade war between the US and China and the weakness in global manufacturing purchasing managers indices"...

on 12/6/19

Antofagasta leaves guidance unchanged after quarterly copper production rises as expected

"We are on-track for another record-setting year with full year production expected to increase by up to 9% to 750-790,000 tonnes,” said chief executive Ivan Arriagada....

on 24/4/19

KAZ Minerals higher as UBS ups to ‘buy’ on copper price leverage, thinks Baimskaya acquisition risks discounted

UBS's analysts said they believe KAZ offers an attractive mix of leverage to copper price upside and clear stock-specific catalysts over the next 12-18 month...

on 12/4/19

City broker questions Antofagasta’s strategy at Centinela copper project

Antofagasta has opted to build a second concentrator at Centinela rather than expand the existing one, which, in Peel Hunt’s opinion, “favours earnings and dividend growth over returns on capital”...

on 1/4/19

Antofagasta slips as Barclays cuts to ‘underweight’, although Deutsche Bank raises its target price

The global bank’s analysts said: “Strong outperformance (+15% vs. pure-play peers in past year) has left Antofagasta as one of the most expensive base metal pure plays we cover globally”...

on 26/3/19

Antofagasta slips as HSBC downgrades its rating to ‘reduce’ from ‘hold’ following miner’s 2018 full-year results

HSBC's analysts concluded that although Antofagasta’s operational outlook is encouraging, they believe most of the upside is already priced into the stock...

on 20/3/19

Record production can't hide drop in revenues, earnings and dividends from Antofagasta

Overall, the FTSE 100-listed firm produced 725,300 tonnes of copper last year, however, realised copper prices were on average 6% lower than they were in 2017 and that fed through into lower revenue...

on 19/3/19

Antofagasta will have good 2019 but shares are fairly valued, says RBC as it cuts rating

RBC cut its recommendation to ‘sector perform’ from ‘outperform’ and lowered its target price to 850p from 890p...

on 12/3/19

Redburn cuts ratings for three UK miners on valuation grounds, highlights “serious flaw” in recent sector optimism

The influential City broker cut its stance on blue-chip players Anglo American PLC and BHP PLC both to ‘sell’ from ‘neutral' with 23% and 18% downsides to raised valuations...

on 7/2/19

Antofagasta posts strong rise in 2018 copper production to record levels, forecasts another record year

The Chile-based group said its fourth-quarter copper production rose 16.8% to a record 220,000 tonnes as a result of higher production at all operations, particularly at Centinela...

on 23/1/19

Amid the current global uncertainty, how bearish should we be on copper?

Copper could be the world's most useful metal, but it's still suffering from the global economic uncertainty...

on 16/1/19

Antofagasta dividend yield lower than peers but balance sheet robust, says UBS

UBS raised its rating on Antofagasta to ‘neutral’ from ‘sell’ and maintained a target price of 800p, saying it believes the risk vs reward has improved...

on 30/10/18

Antofagasta reports slump in nine-month copper and gold production

The mining group said it had narrowed its copper production guidance for the full year to 705-725,000 tonnes...

on 24/10/18

Copper price well supported by economic fundamentals and changing technologies, says Arden Partners

Despite some tariff-related headwinds, copper looks set to be the standout metal in the coming few years...

on 13/9/18

Antofagasta shares jump as RBC upgrades the stock to 'outperform'

RBC raised its rating on Antofagasta to ‘outperform’ from ‘sector perform’ but cut its target price to 950p from 980p after poor first-half results...

on 24/8/18

Antofagasta cautions on short-term copper outlook due to trade tensions as first-half earnings drop

The FTSE 100-listed miner saw its underlying earnings (EBITDA) fall by 16.2% to US$904.2mln for the first six months of 2018, down from US$1.079bn a year earlier...

on 14/8/18

Antofagasta reports higher quarterly output despite pipeline blockage at Los Pelambres

Antofagasta left its production guidance for the year unchanged at 705-740,000 tonnes ...

on 25/7/18

Antofagasta's Mineral Centinela sells electricity transmission lines for US$117mln

Mineral Centinela, in which Antofagasta owns 70%, is selling Centinela Transmisión - the business that holds its electricity transmission lines...

on 13/7/18

Antofagasta clears blockage at Los Pelambres pipeline

Antofagasta said its production guidance for the full year remains unchanged ...

on 8/5/18

HSBC upgrades Rio Tinto amid spate of valuation changes in mining sector

The London-based bank also upgraded South32 to Buy from Hold while upping its target prices for Anglo American and BHP Billiton...

on 18/4/18

Asiamet Resources comes out on top as Liberum provides a bearish assessment of the copper sector

In a sector note, the broker also revealed it is a 'seller' of three leading copper stocks ...

on 9/4/18

Goldman Sachs upgrades miners to ‘attractive’ from ‘neutral’, concluding sector on “strongest footing for many years”

The US investment bank gave a boost to blue-chip miners, upgrading ratings for Anglo American PLC, Antofagasta PLC, and BHP Billiton...

on 14/3/18

Antofagasta nearly doubles 2017 dividend as it posts sharp rise in earnings, thanks to higher copper prices

The FTSE 100-listed Chilean miner said its 2017 underlying earnings (EBITDA) rose by 59% to US$2.6bn, up from US$1.63bn in 2016, as its EBITDA margin improved to 54.5% from 44.9%...

on 13/3/18

Antofagasta's production challenges should subside in 2019, says Berenberg

Berenberg raised its rating on the stock to ‘hold’ from ‘sell’ ...

on 8/2/18