Antofagasta (LON:ANTO) Stock Price Up 10.6% – Time to Buy?

Shares of Antofagasta plc (LON:ANTO) shot up 10.6% during trading on Wednesday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. 1,451,307 shares were traded during mid-day trading, a decline of 92% from the average session volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

More Antofagasta News

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Record FY earnings and EBITDA — Antofagasta posted record full‑year earnings and said EBITDA hit a new high, driven by higher copper prices that lifted margins and cash generation. Antofagasta posts record FY earnings, Chesnara to acquire Scottish Widows Europe
• Positive Sentiment: Core profit jump on copper strength — Core profit rose sharply (reported ~52% year‑on‑year in several writeups) as copper prices surged, supporting the company’s earnings beat narrative and sector tailwinds for miners. Copper prices push Antofagasta profits to new record
• Neutral Sentiment: Guidance unchanged — Management kept its 2026 output outlook and reported 2025 EBITDA roughly in line with expectations, which reduces downside from surprises but limits an upside re‑rating. Antofagasta reports in-line 2025 EBITDA and keeps 2026 output outlook; shares dip
• Neutral Sentiment: Quarterly metrics and investor materials released — The company reported GBX 129.30 EPS for the quarter, with ROE ~8.5% and net margin ~12%; management’s conference call and slide deck are available for details on capital allocation and mine plans. Antofagasta quarterly results and conference call
• Negative Sentiment: Revenue and operating profit missed some estimates — Several reports noted revenue and operating profit came in below analyst expectations, which pressured the stock at one point as investors digested margins and cost dynamics. Antofagasta posts revenue, operating profit below analyst expectations
• Negative Sentiment: Shares briefly dipped on mixed prints — Coverage notes the stock dipped despite strong revenue headlines as investors weighed margins, in‑line EBITDA and any signs of cost or volume headwinds. Antofagasta’s shares dip despite soaring revenue

Analyst Ratings Changes

A number of analysts have issued reports on ANTO shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Morgan Stanley lowered Antofagasta to an “underweight” rating and decreased their target price for the stock from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and boosted their price target for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 price target on shares of Antofagasta in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Up 10.6%

The business has a 50-day simple moving average of GBX 3,454.50 and a 200-day simple moving average of 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 company has a market cap of £39.43 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last released its earnings results 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%. On average, equities analysts anticipate that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal year.

About Antofagasta

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.