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

Antofagasta plc (LON:ANTO)’s stock price shot up 10.6% on Wednesday . The company traded as high as GBX 4,000 and last traded at GBX 4,000. 1,451,307 shares changed hands during trading, a decline of 92% from the average session 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 EBITDA and earnings — Antofagasta reported its highest-ever EBITDA for the year, citing strong copper prices as the main driver, which supports higher cash generation and investor enthusiasm. Read More.
• Positive Sentiment: Core profit leap — Core (underlying) profit rose sharply year‑on‑year (reported as a ~52% increase in some coverage), reinforcing the message that commodity prices are boosting margins. Read More.
• Positive Sentiment: Sector momentum — Broader investor interest in copper and mining names is lifting Antofagasta alongside peers (BHP and others), amplifying demand for the stock after the results. Read More.
• Neutral Sentiment: Company guidance maintained — Management kept its 2026 output outlook and said 2025 EBITDA was broadly in line with expectations, which reduces the risk of downside surprises but limits immediate upside from raised guidance. Read More.
• Neutral Sentiment: Quarterly EPS and investor pack available — Antofagasta reported GBX 129.30 EPS for the quarter and published its slide deck / conference call, useful for deeper investor analysis of cash flow and capex. Read More.
• Neutral Sentiment: Media attention / trending — The stock has appeared in trending tickers lists, which can amplify intraday moves but is not a fundamental change. Read More.
• Negative Sentiment: Revenue and operating profit lagged expectations — Some outlets note revenue and operating profit came in below analyst forecasts, which likely capped gains and explains short-term selling pressure after the release. Read More.
• Negative Sentiment: Shares dipped on mixed read — Despite soaring revenue headlines in parts of the report, initial market reaction included a dip as investors parsed the misses and operational details. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ANTO. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,900 price target on shares of Antofagasta in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley downgraded Antofagasta to an “underweight” rating and reduced their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and raised their price objective for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,700 target price on shares of Antofagasta in a report on Wednesday, January 21st. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Up 10.6%

The business’s 50 day moving average price is GBX 3,454.50 and its 200-day moving average price is GBX 2,838.61. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The firm has a market capitalization of £39.43 billion, a PE ratio of 36.13, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last posted its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. As a group, equities research analysts forecast that Antofagasta plc will post 87.0403995 earnings per share for the current 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.