|Bid||900.00 x 38000|
|Ask||978.50 x 120000|
|Day's range||922.00 - 941.50|
|52-week range||473.00 - 961.00|
|PE ratio (TTM)||58.66|
|Earnings date||22 Aug 2017|
|Dividend & yield||0.31 (2.49%)|
|1y target est||10.18|
Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Wednesday production in the first half rose 7.1 percent and kept its full-year cost and output guidance after talks to avert strike action. Copper prices have rallied this month as the global market is increasingly seen close to balanced, compared with expectations of a surplus at the start of the year, after an Indonesian strike and contract negotiations at Chile (Stuttgart: 704599.SG - news) 's Escondida interrupted supply from the world's top two mines. New (KOSDAQ: 160550.KQ - news) labour laws in Chile, combined with still relatively low prices, have stoked fears of more widespread labour disputes, but Antofagasta averted strike action last week when it signed a wage deal with workers.
Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Wednesday that copper production in the first half was 7.1 percent higher than in the first half of 2016. The forecast for costs for the full year was unchanged, with cash costs before credits for by-products expected to be $1.55 per pound and net cash costs of $1.30 per pound. Antofagasta CEO Ivan Arriagada said the company had continued its focus on improving efficiencies and savings.
Strong results and buoyant basic resource stocks boosted Britain's blue-chip index on Tuesday and small-cap luxury shoemaker Jimmy Choo soared 17 percent after an agreed bid by U.S. retailer Michael Kors. ...