Antofagasta stock analysis
Antofagasta (FG1) Stock Price & Analysis
FG1 Stock Chart & Stats
- Day’s Range
- EUR 39.45 - EUR 40.42
- 52-Week Range
- EUR 28.99 - EUR 51.30
- Previous Close
- EUR 37.35
- Volume
- N/A
- Average Volume (3M)
- 229
- Market Cap
- EUR 38.12B
- Enterprise Value
- EUR 43.91B
- Total Cash (Recent Filing)
- EUR 4.16B
- Total Debt (Recent Filing)
- EUR 8.13B
- Price to Earnings (P/E)
- 25.7
- Beta
- 1.46
- Next Earnings
- Feb 23, 2027 (Est.)
- EPS Estimate
- 1.1
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.71%
Bulls Say, Bears Say
Bulls Say
Revenue And Earnings Growth
The sharp 2025 revenue acceleration and continued EBIT strength indicate substantial operating earnings power in the core copper business. Although mining results remain cyclical, this performance provides a stronger base for funding projects, supporting dividends, and absorbing moderate operating volatility over coming quarters.
Cost Discipline And Margins
Lower unit costs despite sector inflation demonstrate productivity gains and meaningful by-product support, while the 63% EBITDA margin shows strong current operating leverage. Unchanged 2026 cost guidance also suggests management has a credible framework for protecting profitability as projects advance.
Funded Production Growth
A fully funded pipeline provides visible organic expansion without relying solely on acquisitions. Centinela's expected commissioning and later ramp-up could materially increase copper volumes, improve the scale of the operating platform, and strengthen long-term production capacity once development spending converts into output.
Bears Say
Higher Financial Leverage
The substantial debt increase raises financial sensitivity to weaker copper prices, production disruptions, or higher operating costs. Greater leverage can also constrain capital allocation because more cash may be required for interest, repayment, and project funding, reducing flexibility during a commodity downturn.
Inconsistent Free Cash Flow
Strong operating cash generation has not consistently translated into cash available for shareholders or debt reduction because capital spending and working-capital demands remain substantial. Persistent or recurring negative free cash flow could extend leverage, limit financial flexibility, and increase reliance on project funding.
Weather-related Production Risk
The Pelambres disruption demonstrates that severe weather can interrupt operations, delay access to higher-grade ore, and reduce near-term copper volumes. Further winter disruption would pressure revenue absorption of fixed costs and could complicate delivery against annual production targets during the next several months.
Antofagasta News
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Antofagasta Stock Smart Score
Company Description
Antofagasta
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.
- Sector
- Basicmaterials
- Industry
- Copper
- CEO
- Iván Arriagada
- Employees
- 8,457
- Website
- www.antofagasta.co.uk
- Address
- 103 Mount Street, London, GL, W1K 2TJ, GB
Antofagasta (FG1) Earnings & Revenues
FG1 Earnings Call
Earnings Call SentimentPositive
The call communicated a predominantly positive operating and financial picture: robust H1 results (EBITDA +27%, cash flow +53%), strong margins (63%), reduced net cash costs (‑8%), continued project progress and full funding of a low‑risk growth pipeline, and continued emphasis on safety. However, notable near‑term risks were highlighted: severe weather at Pelambres that reduced production guidance (now 625,000–655,000 tonnes) and deferred higher‑grade ore, inflationary pressure on diesel and sulfuric acid (with some contractual exposure for 2027), additional lease liabilities (~$630m), and localized technical work at Centinela. On balance, the company emphasized cost discipline, secured supply/contracts, and that major projects remain on track and funded, suggesting strengths outweigh the near‑term operational headwinds.
View all DE:FG1 earnings summariesFG1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 5 | 10 |
| Technical Analysis | 4 | 5 | 1 |
| Moving Averages | 3 | 0 | 9 |
