Streetbeat News

ANFGF

Antofagasta plc

http://www.antofagasta.co.uk/

CEO

Ivan Arriagada Herrera

Industry

Copper Ore and Nickel Ore Mining

Open

22.51

Mkt cap

22B

Volume

950

High

22.59

P/E Ratio

26.89

52-wk high

30.88

Low

22.51

Div yield

0.02

52-wk low

19.95

Antofagasta PLC received a double upgrade from JPMorgan analysts, who now rate the miner as 'overweight' due to improving copper prospects. This upgrade is based on anticipated fiscal stimulus measures at China's upcoming National People's Congress meeting.

Portfolio Pulse from

February 19, 2025 | 1:45 pm

Antofagasta plc (OTC:ANFGF) held its Full Year 2024 Earnings Conference Call on February 18, 2025. Key participants included CEO Iván Arriagada and CFO Mauricio Ortiz, with analysts from major banks attending.

Portfolio Pulse from

February 18, 2025 | 6:00 pm

Antofagasta and Glencore saw significant stock gains following Donald Trump's reciprocal tariff threat, which has positively impacted the mining sector.

Portfolio Pulse from

February 14, 2025 | 11:30 am

UBS has expressed a preference for Antofagasta over Rio Tinto, citing Antofagasta's copper exposure as a stronger long-term growth story compared to Rio Tinto's iron ore dominance.

Portfolio Pulse from

February 13, 2025 | 3:30 pm

RBC Capital Markets has downgraded Anglo American and Antofagasta, citing challenges in the mining sector. Anglo American's rating was cut to 'underperform' with a reduced price target.

Portfolio Pulse from

January 15, 2025 | 1:30 pm

Nobel Resources Corp. has signed agreements to acquire a 100% interest in four copper projects in the Antofagasta Region of Chile. This acquisition is part of their strategy to expand their copper portfolio.

Portfolio Pulse from

January 06, 2025 | 6:45 pm

A magnitude 6.1 earthquake struck Antofagasta, Chile, as reported by the European-Mediterranean Seismological Centre (EMSC).

Portfolio Pulse from

January 02, 2025 | 9:15 pm

Mining shares surged as Beijing announced plans for further economic stimulus. Antofagasta PLC led the rally with a 5.5% increase, followed by gains in Glencore, Rio Tinto, and Anglo American.

Portfolio Pulse from

December 09, 2024 | 4:15 pm

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

Antofagasta has signed a $600-million deal to enhance water supply systems in northern Chile, crucial for expanding its Centinela mine. This investment will boost annual copper production by 140,000 tons and diversify the mine's output with additional molybdenum and gold. The project will commence in 2026, creating 1,500 local jobs.

Portfolio Pulse from Stjepan Kalinic

June 06, 2024 | 1:27 pm

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