Antofagasta Plc (ANFGF)
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Antofagasta shares climb 3% after leading investment bank backs growth outlook
Shares in Antofagasta PLC (LSE:ANTO) rose 3% on Wednesday after JP Morgan added the Chilean copper miner to its 'analyst focus' List and placed it on 'positive catalyst watch', citing strong production growth and an improving free cash flow outlook. The bank reaffirmed its 'overweight' rating and £24 price target, highlighting Antofagasta's industry-leading copper volume growth, which is expected to rise by 30% between 2024 and 2028.
Antofagasta and Anglo in focus as leading bank urges selectivity in copper rally
London-listed copper producers are back in the spotlight. UBS has named Antofagasta PLC (LSE:ANTO) and Anglo American PLC (LSE:AAL) among its preferred global picks, highlighting their leverage to constrained supply and long-term demand linked to the energy transition.
Antofagasta shares edge higher after Elliott reveals £79m short position
Shares in Antofagasta PLC (LSE:ANTO) rose mid-morning on Tuesday after The Times reported that Elliott Investment Management had disclosed a £79 million short position against the FTSE 100 copper miner. Filings with the Financial Conduct Authority show the Florida-based hedge fund has taken a position against 0.52% of Antofagasta's issued share capital.
Antofagasta takes a hit as trade war and recession fears hit copper sector
Antofagasta PLC (LSE:ANTO) shares dropped 7% in early Monday trading, as fears of a global recession sparked by President Trump's sweeping tariffs rattled commodities markets. The Chilean-focused miner, the UK's largest listed copper producer, has been particularly hard hit as investors brace for a slowdown in global demand.
Antofagasta: A copper miner with scale, margin - and room to grow
Berenberg has kicked off coverage of Antofagasta PLC (LSE:ANTO) with a bullish call, giving the FTSE 100 copper miner a £21.00 price target - about 25% above where shares currently trade. Antofagasta stands out in the London market as a pure-play copper producer, with all four of its operating mines based in Chile.
US bank lifts Antofagasta forecast on copper price but flags slow Q1
Citi has raised its 2025 earnings forecast for Chilean copper miner Antofagasta PLC (LSE:ANTO) by 15%, citing the sharp rise in copper prices. However, the bank expects a quieter start to the year when the company reports first-quarter production figures on 16 April.
Magnitude 6.3 earthquake strikes Antofagasta, Chile, EMSC says
A magnitude 6.3 earthquake struck Antofagasta, Chile region , on Thursday, the European Mediterranean Seismological Centre (EMSC)said.
Antofagasta bags double JPMorgan upgrade as copper prospects improve
Antofagasta PLC has bagged a double upgrade from JPMorgan analysts on expectations the miner could be a standout among peers on improving prospects for copper ahead. Granting an ‘overweight' rating, JPMorgan laid out expectations for fiscal stimulus measures at China's March National People's Congress meeting.
Copper supply is important for energy security, says Antofagasta CEO
Antofagasta CEO Iván Arriagada discusses the mining industry and the company's full-year earnings.
Antofagasta plc (ANFGF) Full Year 2024 Earnings Call Transcript
Antofagasta plc (OTC:ANFGF) Full Year 2024 Earnings Conference Call February 18, 2025 4:00 AM ET Company Participants Iván Arriagada – Chief Executive Officer Mauricio Ortiz – Chief Financial Officer Alejandra Vial – Vice President Sustainability Conference Call Participants Jason Fairclough – Bank of America Ian Rossouw – Barclays Dan Major – UBS Ioannis Masvoulas – Morgan Stanley Alan Spence – BNP Paribas Exane Bob Brackett – Sanford C. Bernstein & Co. Ben Davis – RBC Matt Greene – Goldman Sachs Edward Goldmith – Deutsche Bank Iván Arriagada So good morning and thank you to everyone.
Antofagasta, Glencore: Miners on the march in the wake of Trump tariff threat
Donald Trump's reciprocal tariff threat appears to have sparked life into the mining sector. Antofagasta PLC (LSE:ANTO) and Glencore PLC (LSE:GLEN) led the FTSE 100 leaderboard with gains of 4% and 3% respectively.
Antofagasta a better bet than Rio Tinto, says leading investment bank
UBS has taken a contrarian stance on two major mining stocks, backing Antofagasta PLC (LSE:ANTO) over Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) despite broader market preference for the latter. While most analysts favour Rio due to its iron ore dominance, UBS believes Antofagasta's copper exposure offers a stronger long-term growth story.
