Added to YB: 2026-10-09
Pitch date: 2026-10-06
ANTO.L [neutral]
Antofagasta plc
-8.79%
current return
Author Info
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Company Info
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments.
Market Cap
GBP 50.1B
Pitch Price
GBP 37.56
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): Production recovery shifts to Q4
ANTO.L (update): Antofagasta’s production recovery has shifted toward Q4 as Los Pelambres works through mining constraints and winter disruption, leaving 2026 copper guidance of 625-655kt dependent on a sizable year-end increase. Copper around $14,500/t provides substantial earnings leverage if output normalizes, but $2.40-2.60/lb gross-cost guidance and pricier diesel and sulphuric acid pressure economics, while unresolved Centinela union negotiations threaten production delivery.
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