Antofagasta (LON:ANTO) Shares Up 10.6% – Here’s What Happened

Antofagasta plc (LON:ANTO)’s stock price rose 10.6% during trading on Thursday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. Approximately 1,451,307 shares changed 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.

Antofagasta News Summary

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

ANTO has been the topic of several research analyst reports. Canaccord Genuity Group cut Antofagasta to a “hold” rating and lifted their price target for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research note on Friday, November 7th. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and dropped their price target for the stock from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. 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. Based on data from MarketBeat, Antofagasta presently 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 firm has a market capitalization of £38.23 billion, a P/E ratio of 35.03, a PEG ratio of -1.08 and a beta of 1.00. The company’s 50 day moving average price is GBX 3,476.10 and its 200 day moving average price is GBX 2,846.73.

Antofagasta (LON:ANTO) last announced its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 8.52% and a net margin of 11.96%. As a group, sell-side analysts anticipate that Antofagasta plc will post 87.0403995 EPS for the current fiscal year.

Antofagasta Company Profile

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.