Antofagasta (LON:ANTO) Trading Up 10.6% – Time to Buy?

Antofagasta plc (LON:ANTO)’s stock price was up 10.6% during trading on Thursday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. Approximately 1,451,307 shares were traded during trading, a decline of 92% from the average daily volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

Antofagasta News Summary

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Record FY profits and EBITDA supported by strong copper prices, lifting core profit materially year‑on‑year — a clear fundamental tailwind for cash flow and shareholder returns. Antofagasta FY EBITDA hits new high on strong copper prices
• Positive Sentiment: Sector dynamics: rising copper demand/prices are benefiting miners including Antofagasta, reinforcing upside to near‑term earnings if metal prices hold. Miners BHP and Antofagasta cash in on soaring copper demand as investors pile into metals
• Neutral Sentiment: Antofagasta reported quarterly EPS and published the analyst slide deck / conference call materials (useful for modelling free cash flow and capex timing). Listen to Conference Call / View Slide Deck
• Neutral Sentiment: Company reiterated its 2026 production outlook and reported 2025 EBITDA roughly in line with consensus — this removes a near‑term downside risk but offered no upside surprise. Antofagasta reports in-line 2025 EBITDA and keeps 2026 output outlook; shares dip
• Negative Sentiment: Some metrics disappointed: revenue and operating profit were reported below some analyst expectations, which prompted profit‑taking despite headline EBITDA gains. Antofagasta posts revenue, operating profit below analyst expectations
• Negative Sentiment: Immediate market reaction included a share dip in some coverage notes — investors trimmed positions after mixed results (strong commodity‑driven profits but limited upside vs expectations). Antofagasta’s shares dip despite soaring revenue

Wall Street Analysts Forecast Growth

A number of research firms have commented on ANTO. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 price target on shares of Antofagasta in a research report on Friday, November 7th. Morgan Stanley cut Antofagasta to an “underweight” rating and reduced their target price for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Canaccord Genuity Group cut shares of Antofagasta to a “hold” rating and lifted their price target for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Stock Performance

The business has a fifty day simple moving average of GBX 3,476.10 and a 200-day simple moving average of GBX 2,846.73. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The firm has a market cap of £38.23 billion, a P/E ratio of 35.03, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last announced its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. On average, sell-side analysts predict that Antofagasta plc will post 87.0403995 EPS for the current fiscal year.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.