Antofagasta Share Discussion Threads

[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

[philanderer] 09/12/2021 11:09

MORGAN STANLEY RAISES ANTOFAGASTA TARGET TO 1,340 (1,060) PENCE - 'UNDERWEIGHT'

[philanderer] 22/10/2021 09:46

JEFFERIES CUTS ANTOFAGASTA PRICE TARGET TO 1,700 (1,900) PENCE - 'BUY'

[philanderer] 21/10/2021 18:55

Antofagasta hit by climate issues beyond its control


A poor production report from Antofagasta (ANTO) was blamed on extreme weather in Chile and AJ Bell says the miner is still doing a decent job in areas that it can control.

Drought conditions in Chile mean the miner has struggled to get copper out of the ground and changes to Chilean mining royalties have also been weighing on the group, which could in future receive a smaller share of production revenues.

Analyst Danni Hewson said: ‘In the wake of Covid-19 and amid elevated commodity prices, countries may well be tempted to increase their take as they look to rebuild broken public finances and the mining sector may have to prepare itself for a wave of resource nationalism.’

However, she noted that Antofagasta was ‘doing a decent job’ in areas that it has control over, such as ‘cost and growth from new projects and initiatives at existing mines’.

‘Longer term, the prospects for the copper market are underpinned by the metal’s importance in electric vehicles and renewables infrastructure. Both areas are likely to see significant investment as the world looks to address climate change by reducing carbon emissions,’ she said.


hxxps://citywire.co.uk/investment-trust-insider/news/expert-view-iag-experian-yougov-antofagasta-and-dunelm/a1571204?section=investment-trust-insider&_ga=2.66384937.661703354.1634842239-1754802863.1634842239#i=6

[philanderer] 20/10/2021 11:33

Copper producer Antofagasta (ANTO) delivered a positive third quarter trading update, noting that while output and net cash costs were in line with estimates and with last year, full year costs were likely to be lower than expected.

However, shares were the worst performers on the FTSE, falling almost 4% to £14.18 on a lower production forecast for 2022 due to lack of rain at the firm’s Chilean operations.


sharesmagazine.co.uk/

[philanderer] 16/10/2021 15:58

ANTO. ...Tipped by Questor in The Telegraph friday.

...It seems sensible to steer clear of those most in danger from the move to decarbonise and favour those that are part of the solution to climate change.

Copper is one obvious candidate. JP Morgan Asset Management said in June: “Renewable energy systems can consume five times more copper than conventional energy systems, and the average battery electric vehicle consumes around 60kg more copper than a similarly sized internal combustion vehicle.”

[casket1] 15/10/2021 15:46

Think Barclay's are clutching at straws, (or looking to buy) :-)

[philanderer] 08/10/2021 10:41

BARCLAYS CUTS ANTOFAGASTA PRICE TARGET TO 1,100 (1,200) PENCE - 'UNDERWEIGHT'

[philanderer] 07/10/2021 10:45

GOLDMAN SACHS RAISES ANTOFAGASTA PRICE TARGET TO 1,750 (1,700) PENCE - 'NEUTRAL'

[podgyted] 22/9/2021 15:08

That was quite a price spike up to 1475.

[philanderer] 22/9/2021 13:56

Exactly , they all seem to talk their own book ;-)

[philanderer] 22/9/2021 08:55

JEFFERIES CUTS ANTOFAGASTA PRICE TARGET TO 1,900 (2,000) PENCE - 'BUY'

[philanderer] 16/9/2021 10:04

DEUTSCHE BANK CUTS ANTOFAGASTA PRICE TARGET TO 1,310 (1,320) PENCE - 'HOLD'

[philanderer] 23/8/2021 10:13

RBC CUTS ANTOFAGASTA PRICE TARGET TO 1,000 (1,050) PENCE - 'UNDERPERFORM'