Added to YB: 2026-08-17
Pitch date: 2026-08-13
ANTO.L [neutral]
Antofagasta plc
-3.37%
current return
Author Info
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Company Info
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, ZaldÃvar, Exploration and Evaluation, and Transport Division segments.
Market Cap
GBP 47.9B
Pitch Price
GBP 37.10
Price Target
N/A
Dividend
1.33%
EV/EBITDA
9.82
P/E
28.94
EV/Sales
6.04
Sector
Metals and Mining
Category
turnaround
Antofagasta (ANTO UK): Higher metals prices lift earnings but Los Pelambres cuts the production outlook
ANTO.L (update): H1 rev +18% to $4.48bn, EBITDA +27% to $2.84bn, net earnings +62% to $847m on realized copper +36%, gold +46%, moly +55%. OCF +38% to $1.59bn but capex $1.67bn absorbed most; net debt ~$4.0bn. Cut 2026 Cu guide to 625-655kt (from 650-700kt) on Los Pelambres weather/grade issues, awkward after July reiteration. Cost guidance maintained.
Read full article (2 min)