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 1,778.50p
Change Today:
-39.50p
Market Cap:
£17,534m
Sector:
Mining

Antofagasta FY profits grow on elevated copper and gold prices

By Iain Gilbert

Date: Tuesday 16 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Mining giant Antofagasta said on Tuesday that full-year profits had shot up in 2020 amid elevated copper and gold prices, leading the group to increase its annual dividend.
Antofagasta posted underlying earnings of $2.73bn for the twelve months ended 31 December, a 12.3% improvement year-on-year that matched analyst expectations.

Revenues grew 2.2% on the prior year to $5.12bn, while EBITDA margins expanded to 53.4% from 49.1% in 2019 as copper and gold prices climbed about 25% in the year.

Antofagasta also declared a final dividend of 48.5 cents per share, bringing its 2020 total to 54.7 cents, a 22% rise year-on-year that smashed analyst expectations for a 39 cent payout.

Net debt at the end of 2020 was $82.0m, a decrease of $481.4m year-on-year.

Looking forward, Antofagasta stated production in 2021 was expected to be 730,000-760,000 tonnes of copper, 240,000-260,000 ounces of gold and 9,500-11,000 tonnes of molybdenum, assuming Covid-19 impacts continue for the entirety of the year.

Capital expenditure in 2021 was pegged to be $1.6bn.

Chief executive IvŠn Arriagada said: "The year has been challenging, but we have successfully kept our people safe and healthy, achieved our production and exceeded our cost targets, and increased EBITDA by 12.3% to $2.7bn, yielding a 53% EBITDA margin.

"I am proud of how everyone at Antofagasta has worked together and adjusted to overcome the year's challenges."

As of 0825 GMT, Antofagasta shares were up 0.12% at 1,738.50p.

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 1,778.50p
Change Today -39.50p
52 Week High 1,925.00p
52 Week Low 783.60p
Volume 1,084,715
Shares Issued 985.86m
Market Cap £17,534m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  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
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
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
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. full market star
  4. full 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
P/E
market
  1. full market star
  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
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. 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
EPS Growth
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. 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. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 1
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 14-May-2021

Time Volume / Share Price
16:35 372,726 @ 1,778.50p
16:29 1 @ 1,778.00p
16:29 83 @ 1,778.50p
16:29 1 @ 1,778.00p
16:29 4 @ 1,778.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic