Antofagasta Share Discussion Threads

[arja] 04/3/2022 09:20

i wonder if it is falling because it is based in Chile and there is a political risk ? I must confess I have just started to follow this stock as good for trading with a wide daily range

[arja] 04/3/2022 08:29

thought it might do well today with copper price up a bit but with ANTO you never know ! best to just trade copper I guess .

[turvart] 03/3/2022 18:07

Gardenboy,

I'll have a look at that one, cheers.

[gardenboy] 03/3/2022 07:28

Anyone interested in Eramet ? I have some. Nickel price shooting up

[turvart] 03/3/2022 06:47

Copper over 2% increase over night, should see another rise today.

[turvart] 01/3/2022 18:43

Gardenboy,

Well done.

[gardenboy] 01/3/2022 17:01

I must thank you as I bought some yesterday inspired by your post on the RIO thread !

[chinese investor] 01/3/2022 07:56

All Good !

[turvart] 01/3/2022 07:48

Nice rise yesterday, copper up again today hopefully see another rise today. Paying 88p divvy going ex div 21/4/22, could see 1800/1900 by that time IMO.

[philanderer] 22/2/2022 11:01

(Alliance News) - Antofagasta PLC on Monday said profit had more than doubled in 2021, with revenue boosted by almost 50% on the back of higher copper prices, but it warned that production will decrease and prices will continue to stabilize in the coming year.

For 2021, the Chilean miner reported profit before tax had more than doubled to USD3.48 billion, up from USD1.41 billion the last year.

Revenue was USD7.47 billion, up 46% from USD5.13 billion, reflecting a 47% increase in realised copper prices. Copper sold for an average of USD4.37 per pound in 2021, up from USD2.98 per pound in the year prior. Prices reached an all-time high in May at USD4.86 per pound before stabilising.

[philanderer] 11/2/2022 11:35

In equity markets, Chilean copper miner Antofagasta was among the top gainers on the FTSE 100 after an upgrade to ‘overweight217; at Barclays.

[deanroberthunt] 04/2/2022 07:34

broken down out of the sideways range

[casket1] 03/2/2022 13:33

Next divi should be around 21st Apr 2022 (paid mid May) but I haven't heard the proposed amount or if this is to be cancelled.....

[mw8156] 02/2/2022 21:05

reports elsewhere that nationalisation ?expropriation,of the mining industry in Chile is a possibility-would be disaster for copper supplies and antofagasta.

[philanderer] 02/2/2022 19:07

ADVFN market report..

On the downside, Chilean copper miner Antofagasta lost 5.69% after a top policymaker in Chile indicated that the government would need to raise taxes amid concerns about inflation.

[philanderer] 02/2/2022 17:23

Last one paid was october 1st 2021.

[stevenrevell] 02/2/2022 16:59

Has the divi gone

[philanderer] 24/1/2022 11:33

RBC CUTS ANTOFAGASTA PRICE TARGET TO 1,400 (1,450) PENCE - 'SECTOR PERFORM'

[philanderer] 21/1/2022 11:24

BARCLAYS RAISES ANTOFAGASTA PRICE TARGET TO 1,145 (1,100) PENCE - 'UNDERWEIGHT'

GOLDMAN CUTS ANTOFAGASTA PRICE TARGET TO 1,500 (1,610) PENCE - 'NEUTRAL'

[philanderer] 20/1/2022 13:54

Liberum cuts Antofagasta to 'sell' (hold) - price target 1,200 (1,350) pence

Deutsche Bank cuts Antofagasta price target to 1,250 (1,280) pence - 'hold'

[philanderer] 17/1/2022 08:55

(Sharecast News)


- UBS upgraded Chilean copper miner Antofagasta to 'neutral' from 'sell' on Monday and lifted the price target to 1,400p from 1,300p as it said the risk/reward was more balanced after recent underperformance.
"ANTO's strong balance sheet, cost position & low risk growth in our view means the stock offers relatively low-risk copper exposure and has historically traded at a premium to peers," it said.

UBS said uncertainty over likely increases in tax rates for miners in Chile, capex increases at the Los Pelambres project and weak 2022 production guidance have driven material underperformance versus the copper price and copper peers over the last 12 months, eroding the stock's valuation premium.

"We do not believe the copper price is sustainable but do not expect a near-term price collapse," UBS said.

"After underperformance in 2H21 in our view tax increases in Chile are likely to be priced in (albeit the size of increase is unknown) and ANTO's valuation is fair with the stock discounting a copper price of $3.60-4.00/lb, 10- 20% below spot."

[foxy22] 20/12/2021 10:27

Left wing guy now president....will go for mining cos

[mw8156] 19/12/2021 22:23

election today in Chile as reported on radio4 at lunchtime and a few weeks ago on from our own correspondent both of whose reporters, while mentioning the stark choice confronting the electorate, omitted the chief reason that this might be of particular interest to other country's residents, namely that Chile produces 27% of the world's copper...one despairs of the BBC at times!

[mw8156] 15/12/2021 15:26

chile election sunday