Company
Antofagasta PLC
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
513 stories · page 8 of 26
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Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
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.
Copper price strength could lie ahead with upside for juniors, as supply struggles to keep up with demand
The copper price has tracked sideways over the past year, but there are grounds for believing an uptick is in the way
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
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”
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
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”
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
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
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
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
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Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
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
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
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
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FTSE 100 closes lower on day and week as global growth worries knock sentiment
The UK's premier share index finished almost ten points down. It was also lower on the week as a whole
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Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting