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:
Down 1,508.00p
Change Today:
-24.00p
Market Cap:
£14,867m
Sector:
Mining

Antofagasta backs FY guidance as third-quarter copper output falls

By Michele Maatouk

Date: Wednesday 21 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Chilean copper miner Antofagasta reported a decline in third-quarter production on Wednesday but backed its guidance for the full year.
Antofagasta said group copper production fell 4.6% from the previous quarter to 169,600 tonnes due to lower production at the Los Pelambres mine as a result of major maintenance work, and expected lower grades at Antucoya.

Copper production for the first nine months of the year was in line with expectations, down 7.3% on the same period a year ago at 541,300 tonnes, mainly on expected lower grades at Centinela Concentrates, partly offset by higher production at Centinela Cathodes.

Gold production was down 16.7% on the previous quarter to 38,300 ounces, while molybdenum output rose 9.7% to 3,400 tonnes.

The company maintained its copper production guidance for 2020 at the lower end of the original 725-755,000 tonnes range, and said net cash costs are now expected to be below $1.20/lb, assuming no material change to the exchange rate for the rest of the year.

For 2021, production is expected to be to 730-760,000 tonnes of copper, mainly as grades start to increase at Centinela Concentrates in the fourth quarter and assuming that Covid-19 health protocols remain in place for the whole year.

Chief executive officer Ivan Arriagada said: "Following the temporary and precautionary suspension of the Los Pelambres Expansion project in Q2, approximately 75% of the original planned numbers are now working on site and all Covid-19 protocols are being followed. Similarly, work has also started at the Esperanza Sur and Zaldívar Chloride Leach projects."

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 1,508.00p
Change Today -24.00p
52 Week High 1,925.00p
52 Week Low 859.40p
Volume 162,606
Shares Issued 985.86m
Market Cap £14,867m

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. empty market
  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. half market star
  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. 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
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. full market star
  2. full market star
  3. empty market
  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
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 15-Jun-2021

Time Volume / Share Price
10:40 40 @ 1,508.30p
10:40 134 @ 1,508.00p
10:40 238 @ 1,508.00p
10:40 115 @ 1,508.00p
10:40 197 @ 1,507.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic