ANTO.L - Antofagasta plc
| Previous close | 796.80 |
| Open | 793.40 |
| Bid | 754.00 x 0 |
| Ask | 834.00 x 0 |
| Day's range | 787.00 - 811.80 |
| 52-week range | 713.20 - 1,026.00 |
| Volume | 1,619,560 |
| Avg. volume | 2,963,094 |
| Market cap | 7.8B |
| Beta (3Y monthly) | 1.19 |
| PE ratio (TTM) | 14.36 |
| EPS (TTM) | 55.10 |
| Earnings date | 22 Aug 2019 |
| Forward dividend & yield | 0.34 (4.09%) |
| Ex-dividend date | 2019-04-25 |
| 1y target est | 11.28 |
- Reuters - UK Focus
UPDATE 1-Glencore starts copper concentrates blending facility in Taiwan
Glencore has started a new copper concentrates blending facility in Taiwan to mix clean material with ores containing high levels of arsenic, three sources familiar with the matter said. The blending of concentrates containing high levels of impurities such as hazardous arsenic is aimed at making the material fit for shipment to China, the world's biggest importer of copper concentrates. China's legal import limit is arsenic under 0.5% in copper concentrates.
- Fool.co.uk
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- Reuters
Antofagasta quarterly copper production jumps on flagship mine expansion
The FTSE 100 company reduced its annual forecast for net cash cost, a measure of cost of production per pound of copper produced, to $1.25 per pound as it expects to benefit from a weaker Chilean peso and higher by-product prices. Antofagasta, which is majority-owned by Chile's Luksic family, primarily mines copper with by-products of gold, molybdenum and silver. The company said copper production for the quarter was 198,600 tonnes compared with 163,200 tonnes, a year earlier and maintained its full-year copper production forecast of 750-790,000 tonnes.
- Reuters - UK Focus
RPT-COLUMN-Copper concentrates tightness threatens benchmark pricing: Andy Home
China's copper smelters have just slashed their minimum charges for converting concentrates into refined metal. The 10-member China Smelters Purchase Team (CSPT) has set treatment and refining charges at $55.00 per tonne and 5.5 cents per lb respectively for third-quarter deliveries. Tumbling treatment charges reflect a tightening market for copper raw material.
- MarketWatch
London markets rise as China growth slump lifts stimulus hopes
London markets nudged higher on Monday as China’s slowest growth rate in 27 years sparked hopes of fresh stimulus.
- MarketWatch
European markets nudge higher despite China’s growth rate falling to 27-year low
European markets nudged higher on Monday as investors shrugged off news that China’s GDP growth has fallen to a 27-year low.
- Reuters - UK Focus
UPDATE 2-Chinese data, Antofagasta help FTSE 100 end longest losing streak in years
London's FTSE 100 clawed back some ground on Monday, ending its longest losing streak in three-and-a-half years as Chinese data eased investor concerns over a global growth slowdown. After seven sessions of losses, the FTSE 100 rose 0.3%, with miner Antofagasta surging after a favourable arbitration verdict. The data from China showed industrial output and retail sales comfortably topping forecasts, but economic growth slowed to its weakest pace in at least 27 years.
- Reuters - UK Focus
UPDATE 2-Pakistan welcomes venture's willingness for negotiated settlement after Reko Diq mine ruling
Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages in a dispute over the Reko Diq copper mine. The statement from the attorney general's office came after a World Bank arbitration court ruled in favour of Tethyan Copper, a joint venture between Chile's Antofagasta Plc and Canada's Barrick Gold, in a dispute over a lease to the mine, located in a remote area of southwestern Pakistan. The government said it was disappointed by the ruling but had taken note of a statement from Tethyan Copper's chairman expressing willingness to seek a negotiated settlement.
- Reuters - UK Focus
BUZZ-Kaz Minerals: CS upgrades on near-term improved outlook
- Reuters - UK Focus
Chile's Zaldivar mine asks for more time to answer questions amid Atacama water concerns
Chilean copper miner Antofagasta Plc said on Tuesday it would ask regulators for more time to answer questions about an environmental impact study for its Zaldivar mine, which draws water from Chile's lithium-rich Atacama salt flat. Chilean regulators last year delayed their review of Zaldivar's environmental study amid rising concerns over dwindling water supplies at Atacama. The Atacama salt flat is home to lithium miners SQM and Albemarle Corp, which together produce one-third of the world's supply of the ultralight battery metal.
- Reuters - UK Focus
UPDATE 2-Miners lift FTSE 100, Ted Baker slumps on profit alert
Mining stocks led London's main index higher on Tuesday after Beijing took steps to increase local government spending and boost China's economy, while fashion retailer Ted Baker slumped after a profit warning. Rio Tinto, Antofagasta, Glencore and BHP were 2.5-3% higher, while oil majors BP and Shell were lifted by a rise in crude oil prices on expectations that OPEC and its allies will keep withholding supply. Troubles on Britain's high street were reflected on the small- and mid-cap indexes, with Ted Baker falling nearly one-third to a 6-1/2 year low after warning profits would come in well below analysts' expectations, and fast-fashion retailer Quiz down 23.2% after reporting a 94% slump in underlying pretax profit.
- Simply Wall St.
What Are Analysts Saying About Antofagasta plc's (LON:ANTO) Growth?
In December 2018, Antofagasta plc (LON:ANTO) released its earnings update. Generally, the consensus outlook from...
- Simply Wall St.
How Do Analysts See Antofagasta plc (LON:ANTO) Performing In The Years Ahead?
In December 2018, Antofagasta plc (LON:ANTO) announced its most recent earnings update, which signalled that the...
- Reuters
FTSE rises slightly thanks to mining stocks
By Muvija M and Shashwat Awasthi (Reuters) - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely ...
- Reuters
Without U.S.-China trade war, copper price would be higher - Antofagasta chairman
A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairman for Chile's Antofagasta Plc told a Chilean newspaper on Sunday. "Without the commercial war, I am convinced that the price of copper would be between $3.20 and $3.50 per pound," Jean-Paul Luksic said in an interview with El Mercurio. The bruising trade war, which has slowed the global economy, is clouding the outlook for demand from top metals consumer China.
- Reuters - UK Focus
Without U.S.-China trade war, copper price would be higher -Antofagasta chairman
A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairman for Chile's Antofagasta Plc told a Chilean newspaper on Sunday. "Without the commercial war, I am convinced that the price of copper would be between $3.20 and $3.50 per pound," Jean-Paul Luksic said in an interview with El Mercurio. Despite a rebound on Friday on hopes of an agreement between Washington and Beijing, the value of copper registered its fourth consecutive weekly decline.
- Simply Wall St.
If You Had Bought Antofagasta (LON:ANTO) Stock Three Years Ago, You Could Pocket A 93% Gain Today
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ReutersSainsbury's drags FTSE 100 lower, Taylor Wimpey warning knocks housebuilders
The FTSE 100 and the FTSE 250 lost 0.6 percent each. Sainsbury's tumbled 4.7 percent to a near three-year low after the supermarket chain scrapped its proposed 7.3 billion pound takeover of Walmart-owned Asda after the deal was blocked by Britain's competition regulator. "The failure of securing a merger with Asda leaves the group in a bit of a vacuum, with leadership and strategic uncertainties the byproduct of the CMA's rebuttal," Jefferies analysts said.
- Reuters
Antofagasta copper output rises as China fears threaten demand
Antofagasta said on Wednesday production in the quarter was bolstered by better quality ore and higher output, mainly at its Centinela mine, and kept its annual output forecast of 750,000-790,000 tonnes unchanged. The FTSE 100 company, majority-owned by Chile's Luksic family, said production in the first quarter of 2019 rose to 188,600 tonnes from 153,800 tonnes a year earlier. Total copper production at Centinela was 68,800 tonnes, 45.5 percent higher than 2018.
- Reuters - UK Focus
Antofagasta first-quarter copper output jumps 22.6 pct
Chilean-focused Antofagasta Plc reported a 22.6 percent jump in first-quarter copper production, bolstered by better grades and output mainly at its Centinela mine, while keeping its full-year output forecast ...
- Reuters - UK Focus
CRU-CESCO-Antofagasta to stay put on dividend policy but will return cash to shareholders
Chilean miner Antofagasta Plc will retain its dividend policy of paying out at least 35 percent of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to around 50 percent of net earnings.
- Reuters
Copper producers gather; electric cars seen driving demand growth
Despite these challenges, the industry is planning for substantial growth in the next decade thanks to an expected boom in production of electric vehicles, which use twice as much copper as internal combustion engines. Meanwhile, global visible inventory in the form of combined stocks held by the London Metal Exchange, Comex and the Shanghai Futures Exchange have nearly halved from a year ago to around 500,000 tonnes, data from the exchanges show.
- Market Realist
Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty
Freeport-McMoRan: Bulls Short of Ideas amid Macro UncertaintyFreeport-McMoRan Leading US-based copper miner Freeport-McMoRan (FCX) has been trading largely sideways this month, which is not surprising, considering copper price trends. Although copper
