|Bid||976.20 x 0|
|Ask||976.20 x 0|
|Day's Range||971.00 - 987.00|
|52 Week Range||768.80 - 1,026.00|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||14.77|
|Forward Dividend & Yield||0.37 (3.76%)|
|Ex-Dividend Date||Sep. 05, 2019|
|1y Target Est||N/A|
Iván Arriagada Herrera became the CEO of Antofagasta plc (LON:ANTO) in 2016. This analysis aims first to contrast CEO...
Is Antofagasta plc (LON:ANTO) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
Two weeks ago, Antofagasta said the protests could cut its production for the year by about 5,000 tonnes, equivalent to less than 3% of third quarter output, due to delays in supplies and travel disruptions for workers. The London-listed miner said it now expects annual copper production of 750,000 to 770,000 tonnes compared with a prior forecast of 750,000 to 790,000 tonnes. The revised forecast also includes a loss of about 4,000 tonnes from worker strikes at its Antucoya mine that Antofagasta said have ended.
The company, whose flagship mine Los Pelambres is 240 km north-east of Chilean capital Santiago, said the unrest could lead to problems with delivering supplies and employees to site and could hit output to the tune of about 5,000 tonnes. The capital of the country has seen thousands of people holding successive, peaceful demonstrations this week, demanding an end to low wages and a high cost of living. Antofagasta, which operates four mines in the South American country, reported third-quarter production of 197,000 tonnes, up from 188,300 tonnes in the year-ago period, but 0.8% lower than the previous quarter.
The FTSE 100 company reduced its annual forecast for net cash cost, a measure of cost of production per pound of copper produced, to $1.25 per pound as it expects to benefit from a weaker Chilean peso and higher by-product prices. Antofagasta, which is majority-owned by Chile's Luksic family, primarily mines copper with by-products of gold, molybdenum and silver. The company said copper production for the quarter was 198,600 tonnes compared with 163,200 tonnes, a year earlier and maintained its full-year copper production forecast of 750-790,000 tonnes.
Gains in mining company shares due to a rise in China's iron ore prices pushed London's main stock market index higher on Tuesday, while those in construction firm Galliford jumped after it rejected an offer for two housing businesses. The FTSE 100 rose 0.3% while the mid-cap FTSE 250 inched up 0.1% by 0707 GMT. China's iron ore prices have hit record highs this week amid rising concerns of over supply due to shrinking stocks and worries about another Brazil mine dam at risk of collapsing.
In December 2018, Antofagasta plc (LON:ANTO) announced its most recent earnings update, which signalled that the...
The U.S. Interior Department on Wednesday renewed two long-mothballed leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening up the popular wilderness and recreation area to copper mining despite heavy opposition from local and national conservation groups. The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin Metals Minnesota LLC, a subsidiary of Chile's Antofagasta, with the aim of expanding domestic mining of "critical minerals" used in common appliances and products, saying it is beneficial to national security because it reduces foreign imports.
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Freeport-McMoRan: Bulls Short of Ideas amid Macro UncertaintyFreeport-McMoRan Leading US-based copper miner Freeport-McMoRan (FCX) has been trading largely sideways this month, which is not surprising, considering copper price trends. Although copper
A weaker pound amid growing Brexit concerns offset a selloff in blue-chip miners and lifted the exporter-heavy FTSE 100 on Wednesday, while satellite operator Inmarsat surged on a $3.3 billion takeover approach. The FTSE 100 shrugged off initial losses to edge 0.1 percent higher, up for an eighth straight session, and the FTSE 250 was roughly flat by 0948 GMT. Mining stocks slipped nearly 2.5 percent as iron ore prices plunged in anticipation of increased supply after Vale SA was set to restart work at its largest iron ore mine.
Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 to snap a seven-day winning streak, while a slide in sterling pulled the mid-cap index lower.
Britain's FTSE 100 extended its winning streak to seven sessions on Tuesday as miners and oil majors boosted the index and Ocado climbed to an all-time high after posting higher first-quarter retail sales. The FTSE 100 was up 0.3 percent.
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said. The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan as it struggles to stave off an economic crisis that has forced it to seek an International Monetary Fund bailout. Ten current and former provincial and federal government officials and mining sources familiar with the project in the Baluchistan region say the military has become the most important voice on the future of Reko Diq, which it sees as a strategic national asset.
Freeport-McMoRan: Party Continues as Chinese Copper Imports SurgeChinese copper imports Freeport-McMoRan (FCX) surged 6.9% yesterday, boosted by an upgrade from Morgan Stanley to “overweight.” The financial services company lowered its price