Antofagasta Share Discussion Threads

[philanderer] 20/10/2023 10:43

Barclays cuts Antofagasta price target to 1,270 (1,320) pence - 'equal weight'

JPMorgan raises Antofagasta price target to 1,080 (1,060) pence - 'underweight'

[ric0chet] 10/8/2023 07:14

a good set of results and dividends increased by 11.7%. share price should start making a move up

[tuftymatt] 25/7/2023 07:31

Getting closer to the April high so the question after that is can we run to 1700??

Good luck all 👍🏻

[tuftymatt] 14/6/2023 11:35

So nice to see this leading the board today.

I am back in profit, not including the divi earned, so may lock in some profit if we get close to the April high.

Good luck all 👍🏻

[tuftymatt] 19/4/2023 07:15

I was hoping we may push towards 1700 today ahead of ex divi tomorrow but it's not to be.

Could easily go sub 1550 tomorrow now so a great chance to add for the longer term.

Good luck all 👍🏻

[pander45] 22/2/2023 15:46

1300 - disappointing results

[diku] 26/1/2023 14:39

It just keeps giving free money to the upside...with the amount of shares in issue...80% up in 4 months for FTSE100 share...

[waldron] 19/1/2023 21:02

You might well be right if it falls thru the 1586p support




FUNNY OLD MARKET THESE DAYS

I had thought it would continue to rise as late february approached


Upcoming events on ANTOFAGASTA PLC

Feb/21/23 | 07:00am   FY 2022 Earnings Release

[diku] 19/1/2023 20:39

Possibly back down to 1500p?..

[diku] 18/1/2023 21:42

This is one share that just keeps giving to the upside...but well due profit taking...

[gibbs1] 18/1/2023 09:27

broken thru resistence at last

[gibbs1] 18/1/2023 09:26

Philip Whiterow

08:23 Wed 18 Jan 2023


Antofagasta upbeat as copper price rallies and production recovers

"The recent strength in the copper market is a positive start to the year"
Copper Fourth quarter copper production was 195,700 tonnes, up 7.6% on the previous three months

Antofagasta PLC (LSE:ANTO) said it ended 2002 on a strong note with higher copper prices, production rising, and cost pressures stabilising.

Production for the year just ended was 646,200 tonnes of copper, in line with the bottom of revised forecasts, with the Chile-based miner forecasting that to increase in the current year.

“With the Los Pelambres desalination and concentrator plants expected to be in production during the second quarter of the year after finishing commissioning, we forecast annual copper production in 2023 will increase to between 670,000 and 710,000 tonnes with net cash costs of $1.65/lb,” said Iván Arriagada, Antofagasta chief executive in the production update.

Fourth quarter copper production was 195,700 tonnes, up 7.6% on the previous three months as throughput at Los Pelambres and Centinela Concentrates recovered.

Gold production was 20% higher at 56,100 ounces (oz), making 176,800 oz for the year, which is expected to rise to 220-240,000 oz in 2023.

"The recent strength in the copper market is a positive start to the year, reflecting not just the relaxation of Covid restrictions in China and its expected stronger growth, but also the fundamental long-term importance of copper and the need for increased supply,“ Arriagada added.

Copper prices have recovered from US$3.24//lb in July to US$4.29/lb currently, while gold is close to an all-time high.

Antofagasta said it expects cash costs in 2023 to be $2.20/lb, in line with 2022, reflecting higher production and decreased input costs offset by inflation and a stronger Chilean peso

Net cash costs in 2023 are expected to be $1.65/lb including by-product credits.

Antofagasta shares rose 1% to 1,760p in early trade on Wednesday and are up almost 70% in four months.
Proactive

[ariane] 14/1/2023 10:22

Yep diku,seems tobe falling back after not breaking thru current strong resistence at 1762.50p

[diku] 14/1/2023 09:37

Yesterday could well have marked a short/medium term top...

[tuftymatt] 14/1/2023 08:56

Yeah I am out of this one since taking profit before Christmas so am looking for a pull back and noticed that too diku.

RIO update on Monday which should be good so it may not come just yet.

[diku] 13/1/2023 22:43

Looking a tad over bought...1000p to 1800p in just over 3 months...

[diku] 11/1/2023 12:50

How they raise it 1400p when price is already above it at 1800p?...

[philanderer] 10/1/2023 12:20

Deutsche Bank raises Antofagasta price target to 1,400 (1,200) pence - 'hold'

[philanderer] 10/1/2023 00:25

Can't see one broker who tipped 1700p ;-)

[empirestate] 09/1/2023 10:07

The whole sector has had too much of a good run of late on their share prices, time for a correction i think

[1hughb] 28/11/2022 19:26

Mention of Antofagasta here: Https://youtu.be/LMv0ZJ07oow