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

Antofagasta plc (LON:ANTO) traded up 10.6% during mid-day trading on Wednesday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. 1,451,307 shares were traded during trading, a decline of 92% from the average session volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

Key Headlines Impacting 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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ANTO shares. Deutsche Bank Aktiengesellschaft boosted their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and upped their target price for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Morgan Stanley downgraded Antofagasta to an “underweight” rating and decreased their target price for the stock from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Antofagasta presently has a consensus rating of “Hold” and a consensus target price of GBX 2,992.86.

Antofagasta Trading Up 10.6%

The firm has a market cap of £39.43 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The business has a 50 day moving average of GBX 3,476.10 and a 200 day moving average of GBX 2,846.73. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

Antofagasta (LON:ANTO) last issued 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%. On average, research analysts forecast that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal 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.