You are here

Prices & Quotes - UK Markets - Antofagasta (ANTO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,414.50p
Change Today:
2.50p
Market Cap:
13,945m
Sector:
Mining

Deutsche Bank downgrades Antofagasta to 'sell'

By Iain Gilbert

Date: Friday 21 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank downgraded mining group Antofagasta from 'hold' to 'sell' on Friday, stating the firm's premium was "unjustified".
While the analysts said they remained "constructive" on the outlook for copper, they highlighted the Antofagasta shares had been "very strong" year-to-date, up 25% compared to the 5-10% for peers and 5% for copper prices, with no "obvious" underlying operational drivers.

DB expects Antofagasta to maintain its premium valuation driven by its long-life asset base, established track record and strong balance sheet. However, it stated cash flows would remain "constrained" with "a material step" up in capex expected in from the second half.

The analysts also anticipate that costs will increase in the second half as tailwinds in the first and political uncertainties in Chile will keep capex "structurally elevated" for the next five years.

"Valuation, at over 8x enterprise value/underlying earnings, has moved to the top end of its range, a warning signal historically," said Deutsche Bank.

Despite the downgrade, DB did up its target price on the firm from 870.0p to 920.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Antofagasta Market Data

Currency UK Pounds
Price 1,414.50p
Change Today 2.50p
52 Week High 1,925.00p
52 Week Low 902.20p
Volume 261,958
Shares Issued 985.86m
Market Cap 13,945m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 8
Sell 0
Strong Sell 8
Total 19
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Antofagasta Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Apr-21 03-Sep-20
Paid 14-May-21 02-Oct-20
Amount 48.50¢ 6.20¢

Trades for 22-Jun-2021

Time Volume / Share Price
14:38 32 @ 1,414.50p
14:38 547 @ 1,414.00p
14:37 175 @ 1,414.50p
14:37 121 @ 1,415.00p
14:37 265 @ 1,415.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic