Antofagasta (LON:ANTO) Trading Up 10.6% – Should You Buy?

Shares of Antofagasta plc (LON:ANTO) rose 10.6% during trading on Wednesday . The company traded as high as GBX 4,000 and last traded at GBX 4,000. Approximately 1,451,307 shares traded hands 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.

Trending Headlines about 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

Analyst Ratings Changes

A number of equities research analysts have issued reports on ANTO shares. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 target price on shares of Antofagasta in a report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Berenberg Bank restated a “buy” rating and issued a GBX 2,900 target price on shares of Antofagasta in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and lowered their price target for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Price Performance

The firm has a market capitalization of £38.04 billion, a PE ratio of 34.86, a P/E/G ratio of -1.08 and a beta of 1.00. 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 business’s 50 day moving average is GBX 3,476.10 and its two-hundred day moving average is GBX 2,846.73.

Antofagasta (LON:ANTO) last released its quarterly 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%. As a group, research analysts anticipate that Antofagasta plc will post 87.0403995 EPS for the current 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.