Antofagasta (LON:ANTO) Shares Up 10.6% – Should You Buy?

Antofagasta plc (LON:ANTO) shot up 10.6% during trading on Wednesday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. 1,451,307 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

Key Antofagasta News

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Record FY EBITDA and earnings — Antofagasta reported its highest-ever EBITDA for the year, citing strong copper prices as the main driver, which supports higher cash generation and investor enthusiasm. Read More.
• Positive Sentiment: Core profit leap — Core (underlying) profit rose sharply year‑on‑year (reported as a ~52% increase in some coverage), reinforcing the message that commodity prices are boosting margins. Read More.
• Positive Sentiment: Sector momentum — Broader investor interest in copper and mining names is lifting Antofagasta alongside peers (BHP and others), amplifying demand for the stock after the results. Read More.
• Neutral Sentiment: Company guidance maintained — Management kept its 2026 output outlook and said 2025 EBITDA was broadly in line with expectations, which reduces the risk of downside surprises but limits immediate upside from raised guidance. Read More.
• Neutral Sentiment: Quarterly EPS and investor pack available — Antofagasta reported GBX 129.30 EPS for the quarter and published its slide deck / conference call, useful for deeper investor analysis of cash flow and capex. Read More.
• Neutral Sentiment: Media attention / trending — The stock has appeared in trending tickers lists, which can amplify intraday moves but is not a fundamental change. Read More.
• Negative Sentiment: Revenue and operating profit lagged expectations — Some outlets note revenue and operating profit came in below analyst forecasts, which likely capped gains and explains short-term selling pressure after the release. Read More.
• Negative Sentiment: Shares dipped on mixed read — Despite soaring revenue headlines in parts of the report, initial market reaction included a dip as investors parsed the misses and operational details. Read More.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ANTO shares. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and reduced their price target for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research note on Friday, November 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Finally, Canaccord Genuity Group lowered Antofagasta to a “hold” rating and boosted their price target for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Antofagasta has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Stock Up 10.6%

The business’s fifty day simple moving average is GBX 3,454.50 and its 200 day simple moving average is GBX 2,838.61. The stock has a market cap of £39.43 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33.

Antofagasta (LON:ANTO) last issued its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 8.52% and a net margin of 11.96%. Equities analysts forecast that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal year.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.