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

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

Antofagasta News Roundup

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 equities research analysts have commented on ANTO shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and lifted their target price for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 price target on shares of Antofagasta in a research report on Friday, November 7th. Finally, Morgan Stanley downgraded Antofagasta to an “underweight” rating and reduced their target price for the stock from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Trading Up 10.6%

The company has a market capitalization of £39.43 billion, a PE ratio of 36.13, a PEG ratio of -1.08 and a beta of 1.00. The stock has a fifty day moving average of GBX 3,454.50 and a two-hundred day moving average of GBX 2,838.61. 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 announced its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. As a group, sell-side analysts anticipate that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal year.

About Antofagasta

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.