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

Higher copper prices boost FY profits at Antofagasta

By Michele Maatouk

Date: Tuesday 22 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Chilean miner Antofagasta posted a jump in full-year profit and revenue on Tuesday amid higher copper and molybdenum prices.
In the year to the end of December, profit before tax including exceptional items rose 146% to $3.5bn, while earnings before interest, taxes, depreciation and amortisation increased 77% to a record $4.8bn. Revenue for the year was up 46% at $7.5bn, reflecting a 47% increase in copper realised prices and a 98% jump in molybdenum prices.

The company declared a final dividend of 118.9 cents a share, taking the total dividend for the year to 142.5 cents, which is equal to 100% of underlying earnings per share.

Chief executive officer Ivan Arriagada said: "These results illustrate our performance as a reliable and responsible copper producer with the operational and financial strength and balance sheet to deliver on our promises.

"Our mines and plants performed as planned and we can be proud of our achievements, regardless of the challenges of the year including Covid-19 and continued drought conditions in central Chile. Thanks to our team's commitment and motivation, we have been able to continue operating safely while contributing to the national economy in Chile and supporting local communities, socially and economically."

Antofagasta reiterated its 2022 guidance for copper production of 660-690,000 tonnes and gold output of 170-190,000 ounces. Molybdenum production is still seen at between 8,500 and 10,000 tonnes.

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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
87.31% above the market average87.31% above the market average87.31% above the market average87.31% above the market average87.31% 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
54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average
21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% 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

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