Antofagasta (LON:ANTO) Shares Up 10.6% – Still a Buy?

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

Key Headlines Impacting Antofagasta

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANTO. Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and raised their price objective for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and reduced their price target for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a research report on Wednesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Antofagasta currently has a consensus rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Price Performance

The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The stock’s 50 day simple moving average is GBX 3,476.10 and its two-hundred day simple moving average is GBX 2,846.73. The stock has a market cap of £39.43 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last announced its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. On average, analysts forecast that Antofagasta plc will post 87.0403995 earnings per share 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.