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

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

Antofagasta News Roundup

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Record FY earnings and EBITDA — Antofagasta posted record full‑year earnings and said EBITDA hit a new high, driven by higher copper prices that lifted margins and cash generation. Antofagasta posts record FY earnings, Chesnara to acquire Scottish Widows Europe
• Positive Sentiment: Core profit jump on copper strength — Core profit rose sharply (reported ~52% year‑on‑year in several writeups) as copper prices surged, supporting the company’s earnings beat narrative and sector tailwinds for miners. Copper prices push Antofagasta profits to new record
• Neutral Sentiment: Guidance unchanged — Management kept its 2026 output outlook and reported 2025 EBITDA roughly in line with expectations, which reduces downside from surprises but limits an upside re‑rating. Antofagasta reports in-line 2025 EBITDA and keeps 2026 output outlook; shares dip
• Neutral Sentiment: Quarterly metrics and investor materials released — The company reported GBX 129.30 EPS for the quarter, with ROE ~8.5% and net margin ~12%; management’s conference call and slide deck are available for details on capital allocation and mine plans. Antofagasta quarterly results and conference call
• Negative Sentiment: Revenue and operating profit missed some estimates — Several reports noted revenue and operating profit came in below analyst expectations, which pressured the stock at one point as investors digested margins and cost dynamics. Antofagasta posts revenue, operating profit below analyst expectations
• Negative Sentiment: Shares briefly dipped on mixed prints — Coverage notes the stock dipped despite strong revenue headlines as investors weighed margins, in‑line EBITDA and any signs of cost or volume headwinds. Antofagasta’s shares dip despite soaring revenue

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANTO shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research report on Friday, November 7th. Finally, Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and increased their target price for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Price Performance

The company has a 50 day moving average of GBX 3,454.50 and a 200 day moving average of GBX 2,838.61. The stock has a market capitalization 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 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 released its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 8.52% and a net margin of 11.96%. As a group, equities research analysts forecast that Antofagasta plc will post 87.0403995 EPS for the current fiscal year.

Antofagasta Company Profile

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.