Streetbeat News

ANFGF

Antofagasta plc

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

CEO

Ivan Arriagada Herrera

Industry

Copper Ore and Nickel Ore Mining

Open

21.60

Mkt cap

21B

Volume

200

High

21.60

P/E Ratio

27.31

52-wk high

30.88

Low

21.30

Div yield

0.02

52-wk low

17.29

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

Hedge fund manager Pierre Andurand predicts copper prices could reach $40,000 per tonne, driven by increasing demand from sectors like electric vehicles and renewable energy. This bullish outlook highlights investment opportunities in copper miner stocks and the Global X Copper Miners ETF (NYSE:COPX). The ETF has shown strong returns and holds key copper mining companies. Technical indicators also suggest a positive trend for COPX.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 2:59 pm

Copper prices have surged to record highs, driven by increasing demand from electrification and strategic stockpiling by China. The Global X Copper Miners ETF (COPX) has rallied 40% year to date. Bank of America recommends Antofagasta (ANFGF), Freeport McMoRan (FCX), and TECK Resources (TECK) as top copper-linked stocks.

Portfolio Pulse from Piero Cingari

May 21, 2024 | 3:12 pm

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

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