Antofagasta (LON:ANTO) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Thursday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 3,700 target price on the mining company’s stock.

ANTO has been the subject of several other reports. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 2,800 price objective on shares of Antofagasta in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 3,100 price objective on shares of Antofagasta in a research note on Thursday. Morgan Stanley downgraded Antofagasta to an “underweight” rating and reduced their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price objective on Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 3,700 price objective on shares of Antofagasta in a research note on Thursday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 3,243.75.

Antofagasta Trading Up 3.2%

Shares of LON:ANTO opened at GBX 3,892.50 on Thursday. Antofagasta has a 1 year low of GBX 1,526.50 and a 1 year high of GBX 4,475. The firm has a market capitalization of £38.37 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The business’s 50 day moving average price is GBX 3,702.96 and its 200-day moving average price is GBX 3,273.68.

Antofagasta (LON:ANTO) last posted its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. On average, equities research analysts forecast that Antofagasta will post 87.0403995 earnings per share for the current fiscal year.

Antofagasta News Summary

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Strong Q1 cost performance reported, led by Los Pelambres and Centinela, which should support margins and cash generation even with lower volumes. Antofagasta Reports Strong Q1 2026 Cost Performance
• Positive Sentiment: Q1 copper output fell ~8% but topped consensus and management says it expects a recovery through the year and to meet full‑year guidance — a near‑term softness but confirmation of targets can reassure investors. Antofagasta copper output falls 8% in Q1, expects recovery through the year
• Neutral Sentiment: Company reiterated its 2026 production outlook and full‑year targets — supportive for stability but offers limited upside without better near‑term volumes or commodity prices. Antofagasta quarterly copper production falls, maintains 2026 targets
• Neutral Sentiment: Management signalled interest in Argentina’s copper opportunities — potential long‑term growth optionality but currently exploratory and not an immediate earnings driver. Antofagasta signals interest in Argentina copper rush
• Negative Sentiment: Deutsche Bank reaffirmed a “sell” rating with a GBX 3,100 price target — a bearish broker call that can weigh on sentiment and pressure the share price. Broker ratings (Deutsche Bank)
• Negative Sentiment: Berenberg moved the stock to “hold” (lowering its stance), and Jefferies also has a hold on the name at a GBX 3,700 target — mixed-to-cautious broker sentiment that limits immediate upside. Berenberg lowers Antofagasta to ‘hold’
• Negative Sentiment: Global copper benchmarks (LME & SHFE) closed lower overnight, a short‑term headwind for revenue and sentiment across miners. Copper markets closed lower overnight

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.