Added to YB: 2026-08-17
Pitch date: 2026-08-13
ANTO.L [neutral]
Antofagasta plc
-7.1%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, ZaldÃvar, Exploration and Evaluation, and Transport Division segments.
Market Cap
GBP 50.1B
Pitch Price
GBP 36.88
Price Target
N/A
Dividend
1.54%
EV/EBITDA
10.22
P/E
30.30
EV/Sales
6.28
Sector
Metals and Mining
Category
turnaround
Antofagasta (ANTO UK): Higher metals prices lift earnings but Los Pelambres cuts the production outlook
ANTO.L (update): H1 rev +18% to $4.48bn, EBITDA +27% to $2.84bn, net earnings +62% to $847m on realized copper +36%, gold +46%, moly +55%. OCF +38% to $1.59bn but capex $1.67bn absorbed most; net debt ~$4.0bn. Cut 2026 Cu guide to 625-655kt (from 650-700kt) on Los Pelambres weather/grade issues, awkward after July reiteration. Cost guidance maintained.
Read full article (2 min)