LSE · Chile · Copper

ANTO.L Antofagasta

Chilean copper producer

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)

Copper · 74

Last close (delayed) · 2026-10-26

3,174.0p

+4.13% today

−5.5%

−14.9%

−10.9%

YTD

−3.2%

+14.5%

Off 52w high

−28.7%

Market cap£300M≈ $402M

P/E (trailing)24.4Forward 20.9

EV / sales4.1×EV/EBITDA 7.1×

Revenue (TTM)$9.30BGrowth 17.9% y/y

Margins53.8%gross · op 42.0%

Free cash flow$575MCash $4.16B · debt $8.13B

Analyst target3,786.7p+19.3% upside · 21 analysts · hold

Riskβ 1.41Short — of float · yield 1.93%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

ANTO.L · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events

8

2011-04-14EarningsMiss / cut

Reported EPS 0.15 vs 0.41 expected (-63.0% surprise).
7

2009-11-26EarningsMiss / cut

Reported EPS 0.15 vs 0.22 expected (-31.8% surprise).
6

2009-08-26EarningsMiss / cut

Reported EPS 0.07 vs 0.12 expected (-39.1% surprise).
5

2009-03-10EarningsMiss / cut

Reported EPS -0.4 vs -0.11 expected (-263.6% surprise).
4

2008-08-27EarningsBeat / raise

Reported EPS 0.8 vs 0.66 expected (+21.8% surprise).
3

2007-08-29EarningsBeat / raise

Reported EPS 0.74 vs 0.63 expected (+17.5% surprise).
2

2007-03-13EarningsMiss / cut

Reported EPS -0.11 vs 0.73 expected (-115.1% surprise).
1

2006-11-29EarningsBeat / raise

Reported EPS 1.14 vs 0.69 expected (+65.2% surprise).

Latest headlines

Auto-updated daily

Earnings history

EPS vs expectations

Date	Expected EPS	Reported EPS	Surprise
2011-04-14	0.41	0.15	−63.0%
2009-11-26	0.22	0.15	−31.8%
2009-08-26	0.12	0.07	−39.1%
2009-03-10	-0.11	-0.4	−263.6%
2008-08-27	0.66	0.8	+21.8%
2007-08-29	0.63	0.74	+17.5%
2007-03-13	0.73	-0.11	−115.1%
2006-11-29	0.69	1.14	+65.2%
2006-08-29	0.61	0.38	−37.7%

About Antofagasta

Website ↗

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company produces copper cathodes and copper concentrates; molybdenum concentrates; and gold and silver by-products. It also provides rail and road cargo services to mining customers in northern Chile. In addition, the company has exploration projects in various countries. It has operations in the United Kingdom, Switzerland, Spain, Germany, rest of Europe, Chile, rest of Latin America, the United States, Japan, China, Singapore, South Korea, Hong Kong, and rest of Asia. The company was incorporated in 1888 and is headquartered in London, the United Kingdom. Antofagasta plc is a subsidiary of Metalinvest Anstalt.

8,457 employees · London, United Kingdom

Copper

Grids, transformers, data centres and EVs all draw on copper. New mines take a decade or more; grades are falling.

Mine→Concentrate→Smelter→Cathode

What would prove us wrong. Weakens if demand forecasts for grids and data centres fall while mine supply surprises up.

Peers at the same bottleneck

Who else supplies this

Stock	Role	Last	1D	1M	YTD
FCX Freeport-McMoRan	Large copper producer	$65.21	+0.04%	−9.6%	+29.6%
SCCO Southern Copper	Large copper reserves	$187.1	+1.12%	−8.2%	+36.5%
TECK Teck Resources	Copper growth projects	$60.34	+2.18%	−8.6%	+26.6%
IVN.TO Ivanhoe Mines	High-grade Kamoa-Kakula copper	C$9.22	+0.71%	−22.8%	−40.9%
BHP BHP Group	Largest copper miner by resources	$79.09	+1.59%	−6.9%	+36.5%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.