Antofagasta (ANTO)

Sector:

Mining

Index:

FTSE 100

2,039.00p
   
  • Change Today:
      54.00p
  • 52 Week High: 2,045.00
  • 52 Week Low: 1,293.00
  • Currency: UK Pounds
  • Shares Issued: 985.86m
  • Volume: 769,321
  • Market Cap: £20,102m
  • RiskGrade: 186

Antofagasta upbeat on copper prices despite trade tensions

By Sean Farrell

Date: Wednesday 22 May 2019

LONDON (ShareCast) - (Sharecast News) - Antofagasta said the outlook for copper prices was good despite global trade tensions as the world moves to reduce carbon emissions.
The Chile-focused copper miner\'s chairman, Jean-Paul Luksic, told the company\'s annual meeting the copper market remained tight \"with the outlook for 2019 and beyond positive for copper prices\".

Luksic said the short-term picture was clouded by uncertainty created by trade disputes as the US and China, the world\'s biggest economies, confront each other over tariffs and access.

But he added: \"We are firm believers that a low carbon economy needs metals, particularly copper which allows the efficient use of electricity and is a critical element in renewable energy and electromobility. With our growing production, new developments underway and an attractive portfolio of future projects, we are well positioned to meet this demand with our next phase of considered growth.\"

Luksic told shareholders the FTSE 100 miner had record production last year and achieved improved operating efficiency. Construction at the company\'s Los Pelambres site in Chile is under way and the first phase will add an average of 60,000 tonnes of copper production each year, he said.

\"I have no doubt that the future will bring many new opportunities and challenges. What I have learnt though is that by focusing on running safe and efficient operations, maintaining our costs and managing our development programmes, we will continue to succeed,\" Luksic said. \"2018 was a year of good progress for our company and we are well positioned to continue executing our strategy over the coming years.\"



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Antofagasta Market Data

Currency UK Pounds
Share Price 2,039.00p
Change Today 54.00p
% Change 2.72 %
52 Week High 2,045.00
52 Week Low 1,293.00
Volume 769,321
Shares Issued 985.86m
Market Cap £20,102m
RiskGrade 186

Antofagasta Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.6% below the market average99.6% below the market average99.6% below the market average99.6% below the market average99.6% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average
90.21% above the sector average90.21% above the sector average90.21% above the sector average90.21% above the sector average90.21% above the sector average
Income
98.23% below the market average98.23% below the market average98.23% below the market average98.23% below the market average98.23% below the market average
91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average
Growth
54.22% below the market average54.22% below the market average54.22% below the market average54.22% below the market average54.22% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 6
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Antofagasta Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 31-Aug-23
Paid 10-May-24 29-Sep-23
Amount 24.30¢ 11.70¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:19 313 @ 2,039.03p
17:19 5,038 @ 2,039.03p
17:15 395 @ 2,039.00p
17:08 20 @ 2,017.89p
16:35 415,511 @ 2,039.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic

Top of Page