Antofagasta Share Discussion Threads

[dice1950] 23/1/2020 05:55

#Antofagasta (#ANTO) produced a record amount of copper in 2019. The Chilean miner hit its top-end guidance at 770,000 tonnes (t) and also produced more gold than ever in a banner year for the yellow metal. BUY hxxps://rb.gy/2dwveo

[xxx] 15/1/2020 04:25

Anyone have any idea of what the reason might be for the recent strength ?

[costax1654x] 14/1/2020 11:47

? #orm hmm!5-6 mil cash + gold assets ,no Debts all for 3 mil mcap!!!?

[gateside] 08/11/2019 17:07

Long time holder but sold for a 4% profit.Too much unrest in ChileWill reinvest in RIO and BHPBoth have a far greater diversification and far better yields

[foxy22] 31/10/2019 10:23

22.00 gbp i am thinking of cutting tooBought 7.00gbp

[lancasterbomber] 31/10/2019 09:18

Well that#'s me out this morning at 877, made £22 for having held for 4 years.
Don't like the political situation in Chile. see it's still continuing to drop

[maywillow] 30/10/2019 13:17

Barclays Capital Underweight 750.00 - Reiterates

[lancasterbomber] 13/9/2019 16:50

Well motely fool got that one wrong up 5% today

[bdaonion] 10/9/2019 10:24

The recent RNS suggests so. Copper demand and price should bounce back as it is used in so many applications. All imo

[foxy22] 10/9/2019 08:58

Well I may just take your observation on boardDo u think anto has legs

[bdaonion] 09/9/2019 22:19

Not investment advice and a personal opinion, if Motley Fool and an analyst are bearish it's a good long term sign.

[sarkasm] 08/9/2019 07:20

the motely fool

Risky investment

Analysts at Deutsche Bank also downgraded their outlook for mining group Antofagasta (LSE: ANTO) last week. After awarding the company a ‘hold’ rating and 930p and price target back in April, analysts have now downgraded Antofagasta to ‘sell’.

This appears to be another valuation call. Over the past 12 months, the outlook for the mining group has steadily deteriorated and analysts across the City have downgraded their prospects for the business. This time last year, analysts were expecting Antofagasta to earn $0.91 per share for full-year 2019. Now they’re forecasting just $0.62, a 29% year-on-year decline.

As analyst as expectations have deteriorated, the share price has remained constant. As a result, its shares are now dealing at a forward P/E of 16, making the company by far the most expensive in the mining sector. The rest of the industry is dealing as a forward P/E of just 8.

Looking at this evaluation, it’s clear to me why analysts think now could be an excellent time to move away from the stock.

[sarkasm] 08/9/2019 07:16

the motely fool


Risky investment

Analysts at Deutsche Bank also downgraded their outlook for mining group Antofagasta (LSE: ANTO) last week. After awarding the company a ‘hold’ rating and 930p and price target back in April, analysts have now downgraded Antofagasta to ‘sell’.

This appears to be another valuation call. Over the past 12 months, the outlook for the mining group has steadily deteriorated and analysts across the City have downgraded their prospects for the business. This time last year, analysts were expecting Antofagasta to earn $0.91 per share for full-year 2019. Now they’re forecasting just $0.62, a 29% year-on-year decline.

As analyst as expectations have deteriorated, the share price has remained constant. As a result, its shares are now dealing at a forward P/E of 16, making the company by far the most expensive in the mining sector. The rest of the industry is dealing as a forward P/E of just 8.

Looking at this evaluation, it’s clear to me why analysts think now could be an excellent time to move away from the stock.

[gateside] 05/9/2019 19:18

Up 3.2% today AND it went ex dividend!

[sogoesit] 01/8/2019 06:57

New global copper study:

[gateside] 11/6/2019 11:39

Broken though 850pCould be some good upside here, if the copper price holds up.

[sogoesit] 10/4/2019 09:34

These miners, RIO as well, appear unloved on these boards.
Always a good sign for going, and being, long.

[foxy22] 25/10/2018 09:53

I think anto is being bought today

[foxy22] 24/10/2018 18:10

I still hold it but today its retraced to where i bought it a while ago....results a bit disappointing.A buying opportunity well yes if theres a run in copper

[thebullhunter] 24/10/2018 13:14

Why no interest in a to anymore? Looking like a good buy right now.