ANTO.L - Antofagasta plc

LSE - LSE Delayed price. Currency in GBp
1,054.50
-7.00 (-0.66%)
At close: 4:39PM BST
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Previous close1,061.50
Open1,068.50
Bid1,029.00 x 38000
Ask1,100.00 x 120000
Day's range1,051.50 - 1,068.50
52-week range748.50 - 1,103.00
Volume2,427,675
Avg. volume3,850,746
Market cap10.396B
Beta1.03
PE ratio (TTM)13.86
EPS (TTM)76.10
Earnings date14 Aug 2018
Forward dividend & yield0.37 (3.88%)
Ex-dividend date2018-04-26
1y target est134.00
  • Reuters - UK Focus2 days ago

    M&S a bright spot as big oil, miners knock FTSE off record high

    The UK's top share index was knocked down of its highs on Wednesday and sustained its biggest loss in two months as oil majors and commodity-related stocks fell but well-received results made Marks & Spencer (Frankfurt: 534418 - news) a bright spot. The blue chip FTSE 100 index closed down 1.17 percent at 7,785.08 points. "Signs of détente between the U.S. and China have decreased, reviving the great trade war fear, while the deterioration in Japanese and eurozone PMIs have sent chills down the spines of those hoping that the synchronized global expansion had further to run", said Chris Beauchamp, an analyst at IG (Frankfurt: A0EARV - news) .

  • Should Doctor Copper Be Thanking Xi-Trump Bonhomie?
    Market Realist2 days ago

    Should Doctor Copper Be Thanking Xi-Trump Bonhomie?

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue? While commodities generally follow the underlying supply-demand dynamics in the long term, according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed as “doctor copper” because many market observers see copper prices as a reflection of the global economy.

  • Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?
    Market Realist2 days ago

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?

    Freeport-McMoRan (FCX), the leading US-based copper miner, is having a nice run in May. The stock has risen 12.9% so far this month based on May 22 closing prices. Thanks to the upwards price action this month, Freeport has narrowed its 2018 losses to 9.2%. Overall, 2018 has been a somber year for Freeport. On the macro front, copper prices have fallen from their 2017 highs as expectations of a supply deficit are now fast eroding.

  • Brokerages Take a Fresh Look at First Quantum Minerals in May
    Market Realist9 days ago

    Brokerages Take a Fresh Look at First Quantum Minerals in May

    First Quantum Minerals (FM) has received a “strong buy” rating from five analysts, while nine analysts have a “buy” or equivalent rating on the stock. The remaining ten analysts polled by Thomson Reuters on May 14 rate the stock as a “hold.”

  • How Analysts Rate Antofagasta in 2Q18
    Market Realist9 days ago

    How Analysts Rate Antofagasta in 2Q18

    Antofagasta (ANTO) has received a “strong buy” rating from five analysts, while four analysts rate the stock as a “buy” or some equivalent. Antofagasta produced 153,800 metric tons of copper in 1Q18, which was 10.5% lower as compared to the corresponding period last year. Antofagasta expects to produce between 705,000 and 740,000 metric tons of copper in 2018 as compared to 704,300 metric tons last year.

  • How Much Downside Do Analysts See in Southern Copper?
    Market Realist9 days ago

    How Much Downside Do Analysts See in Southern Copper?

    Southern Copper (SCCO) has received a “hold” rating from five analysts. Four analysts have a “sell” rating on the stock, while the remaining one analyst polled by Thomson Reuters on May 14 has rated the stock as a “strong sell.” The stock hasn’t received any “buy” or equivalent ratings.

  • How Analysts Rate Freeport-McMoRan in May
    Market Realist10 days ago

    How Analysts Rate Freeport-McMoRan in May

    Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while seven analysts rate the stock as a “buy” or some equivalent. 12 analysts have a “hold” rating on the stock, while three analysts polled by Thomson Reuters on May 14 rate the stock as a “sell.”

  • How Analysts Rate Copper Miners after 1Q18 Earnings
    Market Realist10 days ago

    How Analysts Rate Copper Miners after 1Q18 Earnings

    We’re now reaching the end of the 1Q18 earnings season, and most mining companies have already released their quarterly earnings results. Some companies including Antofagasta (ANTO) and Glencore (GLNCY) have released only their quarterly production reports in 1Q18, and not metrics like revenue and EBITDA, which they only release twice a year.

  • Reuters - UK Focus17 days ago

    Antofagasta's copper stocks will take 3 months to return to normal after blockage

    Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Tuesday it will take up to three months for stocks to return to normal after the discovery of a blockage in the pipeline that carries concentrates from the Los Pelambres processing plant to port. The blockage was found during scheduled maintenance completed on April 16. The pipeline was immediately suspended, Antofagasta said in a statement.

  • Reuters - UK Focus17 days ago

    Antofagasta suspends operations of Los Pelambres pipeline after blockage

    Antofagasta (Other OTC: ANFGF - news) said on Tuesday it had uncovered and cleared a blockage in its Los Pelambres pipeline, which moves copper concentrates from Chile (Stuttgart: 704599.SG - news) 's Coquimbo region to ports, with some knock on effects for sales and production. The company said it expected production, measured as the quantity filtered at the port, to be impacted by about 10,000 tonnes of copper due to the blockage and sales to be impacted by some 15,000 tonnes in the six months ending June 30.

  • Grasberg Impacts Freeport-McMoRan’s Valuation
    Market Realist18 days ago

    Grasberg Impacts Freeport-McMoRan’s Valuation

    As we noted in the previous part, Freeport-McMoRan (FCX) faces uncertainties in its Grasberg mine in Indonesia. Despite agreeing to sell a majority stake in the mine towards Indonesian interests, the company hasn’t been able to strike a final deal with the Indonesian government. Rio Tinto (RIO) is also negotiating a stake sale with the Indonesian government.

  • Are There Any Bullish Triggers for Copper Prices?
    Market Realist21 days ago

    Are There Any Bullish Triggers for Copper Prices?

    So far, copper prices have been subdued in 2018. Copper has seen a sharp rally since 1Q16. Copper has been struggling to hold the $7,000 per metric ton price level this year. Ample supplies, highlighted by low treatment and refining charges and rising inventories, have been bearish drivers for copper prices. Trade friction between the US and China hasn’t helped copper’s cause either. Copper miners including Freeport-McMoRan (FCX) and Antofagasta (ANTO) have also followed copper lower. ...

  • Freeport-McMoRan: What to Expect Moving Forward
    Market Realist21 days ago

    Freeport-McMoRan: What to Expect Moving Forward

    Freeport-McMoRan (FCX) is having a dismal run in 2018. Based the company’s closing prices on May 2, the stock has fallen 20.3% this year. The SPDR Dow Jones Industrial Average ETF (DIA) has lost 2.8% during this period. Looking at other miners, Antofagasta (ANTO) and Teck Resources (TECK) have lost 2.5% and 4.4%, respectively. However, Southern Copper (SCCO) has risen 9.0% year-to-date.

  • Reuters - UK Focus29 days ago

    Shell's cash flow disappointment weighs on Britain's FTSE

    Britain's FTSE underperformed most European peers on Wednesday, failing to join a global bounce as a missed cash flow forecast from Royal Dutch Shell disappointed investors and weighed heavily on the blue ...

  • Reuters29 days ago

    Shell's cash flow disappointment drags FTSE down

    Britain's FTSE was flat on Wednesday, failing to ride a timid bounce by European shares as a missed cash flow forecast from Royal Dutch Shell (RDSa.L) disappointed investors and weighed heavily on the blue chip index . The FTSE (.FTSE) was flat at 0904 GMT, slightly below the broader European market boosted by encouraging corporate results at the exception of Germany's DAX (.GDAXI), which suffered from airline Lufthansa's weak earnings. Despite a 42 percent rise in first-quarter profit on stronger oil price, shares in Shell, a FTSE heavyweight, fell 2.9 percent as cash flows fell short of investors' strong expectations.

  • Should Freeport’s Lower Guidance Concern Investors?
    Market Realistlast month

    Should Freeport’s Lower Guidance Concern Investors?

    During its 1Q18 earnings call, Freeport-McMoRan (FCX) provided its revised operating guidance. Freeport expects to start its Grasberg underground operations towards the end of 2018. What would lower shipments mean for Freeport’s earnings?

  • Reuters - UK Focuslast month

    Antofagasta first quarter copper output down 10.5 pct

    Chilean-focused Antofagasta (LSE: ANTO.L - news) said first quarter copper production fell by 10.5 percent to 153,800 tonnes compared with the same quarter a year ago, mainly because of lower quality ore, but kept full-year output guidance unchanged. It means more rock has to be processed to get the same amount of copper and adds to production costs for a mineral perceived to be in high demand as the world shifts to greater electrification. Antofagasta CEO Ivan Arriagada said in a statement the company had expected to begin the year with poorer grades, but would move to higher quality ores and improve output as the year went on.

  • How Wall Street Sees Freeport-McMoRan this Earnings Season
    Market Realistlast month

    How Wall Street Sees Freeport-McMoRan this Earnings Season

    Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.

  • What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call
    Market Realistlast month

    What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call

    Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.

  • Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?
    Market Realistlast month

    Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?

    In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.

  • Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?
    Market Realistlast month

    Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?

    Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.

  • China’s Copper Imports Steady in March amid Rising Inventories
    Market Realistlast month

    China’s Copper Imports Steady in March amid Rising Inventories

    China is the world’s biggest copper importer. Copper mining is concentrated in Latin America (ILF). Freeport-McMoRan (FCX) and Southern Copper (SCCO) have plants in the copper-rich region. China’s copper imports are seen as an indicator of the country’s copper demand. In this article, we’ll look at China’s March 2018 copper imports.

  • Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?
    Market Realistlast month

    Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?

    Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 4.5x, whereas copper mining peers Antofagasta (ANTO) and Anglo American (AAL-L) have EV-to-EBITDA multiples of 5.5x and 4.7x, respectively, and Southern Copper (SCCO) and Glencore (GLNCY) have multiples of 5.8x and 11.0x. Based on the above 2018 multiples, Freeport appears to be the cheapest among the copper mining stocks we’re covering, while Southern Copper appears to be the most expensive. This year has been an unusual one for Freeport, as it is ending open-pit mining at its Grasberg mine.

  • Why Copper Miners Have Been Resilient This Year
    Market Realistlast month

    Why Copper Miners Have Been Resilient This Year

    Pure-play copper miners Freeport-McMoRan (FCX) and First Quantum Minerals (FM) had fallen 5.7% and 1.9%, respectively, this year as of April 6. What does this divergence between copper and miner stock prices tell us? In the case of copper miners such as Antofagasta (ANTO), earnings are sensitive to changes in copper prices.

  • Reuters - UK Focuslast month

    CRU/CESCO-Miners urge new Chile government to give exploration a boost

    Chile produces around a third of the world's copper, making it by far the biggest exporter of the base metal. At the CRU/CESCO World Copper Conference in Santiago, miners and industry leaders urged conservative Sebastian Pinera's government, which took over from a center-left administration last month, to jump-start exploration.

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