Is Antofagasta stock a buy right now?
Antofagasta PLC, a key constituent of the FTSE 100, stands out for retail UK investors seeking steady exposure to global copper demand. As of early May 2025, Antofagasta trades around 1,712.50 GBX per share with an average daily volume of 1.26 million—demonstrating healthy liquidity and sustained trading interest. The company has recently delivered impressive financial results: revenue climbed to $6.61 billion and EBITDA rose 11% year-on-year, buoyed by a robust copper price environment and improved operational efficiency. Notable recent developments include a 20% year-on-year boost in copper output for Q1 2025 and a notable reserve increase at Centinela, fortifying future production capability. Though briefly affected by production delays due to Chilean weather in late 2024, the company swiftly resumed normal operations. Market sentiment remains strongly constructive, reinforced by a "Strong Buy" technical reading across major indicators (including moving averages and RSI). As decarbonisation and electrification accelerate in the global economy, copper’s strategic role continues to underpin sector appeal. Drawing on a consensus from over 31 national and international banks, the current target price is 2,225 GBX—a figure that reflects confidence in Antofagasta’s growth ambitions and financial discipline. For investors seeking diversified commodity exposure, Antofagasta is well worth careful consideration in today’s market environment.
- Industry-leading EBITDA margin at 52%, outperforming most global copper peers.
- Q1 2025 copper output grew 20% year-on-year; production guidance remains strong.
- Extensive reserve additions at Centinela enhance future growth visibility.
- Robust balance sheet with $4.3 billion in cash and healthy net debt ratio.
- Sustained demand for copper driven by global electrification and urbanisation trends.
- Operations concentrated in Chile, increasing exposure to local regulatory and weather risks.
- Relatively high P/E ratio compared to sector, suggesting premium valuation.
- What is Antofagasta?
- How much is Antofagasta stock?
- Our full analysis on Antofagasta </b>stock
- How to buy Antofagasta stock in United Kingdom?
- Our 7 tips for buying Antofagasta stock
- The latest news about Antofagasta
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring Antofagasta’s performance for over three years. Each month, hundreds of thousands of users across the United Kingdom rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, remunerated by Antofagasta.
What is Antofagasta?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | British (HQ: London), Operations: Chile | UK-listed firm with Chile-focused mining may face regional, currency, and regulatory risk. |
| 💼 Market | London Stock Exchange, FTSE 100 | Blue-chip status delivers liquidity and visibility to UK-based investors. |
| 🏛️ ISIN code | GB0000456144 | Unique identifier for trading Antofagasta shares internationally. |
| 👤 CEO | Iván Arriagada | Experienced CEO focused on operational efficiency and disciplined capital allocation. |
| 🏢 Market cap | £16.51 billion | Large market cap reflects global copper exposure but susceptible to commodity swings. |
| 📈 Revenue | $6.61 billion (FY 2024) | Revenue growth (+5%) driven by higher copper output and favourable prices. |
| 💹 EBITDA | $3.43 billion (FY 2024) | Strong 52% margin signals high operational efficiency and robust cash generation. |
| 📊 P/E Ratio | 27.18 | Elevated P/E signals growth optimism but potential overvaluation versus sector peers. |
How much is Antofagasta stock?
The price of Antofagasta stock is rising this week. As of now, Antofagasta shares trade at 1,712.50 GBX, marking a 2.27% gain over the last 24 hours and showing notable strength compared to last week’s average. The company boasts a market capitalization of £16.51 billion and an average three-month daily volume of 1.26 million shares. Key valuation indicators include a P/E ratio of 27.18, a dividend yield of 1.42%, and a stock beta of 1.24. Given current volatility and recent technical signals, Antofagasta is attracting attention as a dynamic option for UK investors seeking growth in the mining sector.
Compare the best brokers in the UK!Compare brokersOur full analysis on Antofagasta stock
Having reviewed Antofagasta PLC’s latest set of results, alongside the impressive rebound in its share price over the past three years, our integrated multi-sourced analysis leverages financial metrics, technical indicators, and relevant competitive benchmarking to assess its current appeal. The outcome—processed through our proprietary algorithms—identifies compelling signals across operational performance, market positioning, and growth prospects. So, why might Antofagasta stock once again become a strategic entry point into the global resources sector in 2025?
Recent Performance and Market Context
Antofagasta’s share price has traced a notably resilient trajectory, currently sitting at 1,712.50 GBX—just below its trailing 52-week high of 2,425 GBX, and substantially above the recent 12-month low of 1,278 GBX. Year to date, the shares have displayed robust upward momentum, benefiting from a 2.27% uptick on the latest trading day alone, and averaging over 1.26 million shares in daily volume. This bullish momentum is underpinned by the group’s strong Q1 2025 copper production, which surged by a notable 20% year-on-year, as well as a well-received final dividend proposal of 23.5 cents per share.
Crucially, the sector backdrop remains highly supportive. Copper demand continues to benefit from secular trends in electrification, renewable energy adoption, and accelerating urbanisation—factors recently flagged by CEO Iván Arriagada as key positive drivers for the industry. Geopolitically, while Chile presents some regulatory risk, it remains a globally trusted jurisdiction with a stable mining framework. Amidst a tightening global copper market and rising long-term demand forecasts, Antofagasta’s positioning in the FTSE 100 and integration into multiple global indices reinforce positive investor sentiment.
Technical Analysis
A deep dive into technical signals points to sustained strength. All major moving averages, from the 5-day (1,684.61 GBX) to the pivotally watched 200-day (1,571.24 GBX), converge to produce clear buy signals. The Relative Strength Index (RSI) stands at 58.54—comfortably within bullish territory, and below overbought extremes, indicating room for further appreciation. The MACD reading of 5.79 amplifies this message, with momentum aligned to the upside, and only the Stochastic RSI (78.11) hinting at some short-term heat.
| Indicator | Value | Interpretation |
|---|---|---|
| 5-day moving average | 1,684.61 GBX | Buy signal |
| 200-day moving average | 1,571.24 GBX | Buy signal |
| RSI | 58.54 | Bullish (not overbought) |
| MACD | 5.79 | Positive momentum |
| Stochastic RSI | 78.11 | Short-term heat |
Key support levels—at 1,650 GBX and 1,600 GBX—seem well established, providing a safety net against volatility, while immediate resistance is signalled at 1,750-1,800 GBX. Notably, the combination of “Strong Buy” technical rating and this supportive structure frames Antofagasta as entering a fresh bullish phase, particularly when compared with a sector still marked by mixed technical setups among peers.
Fundamental Analysis
Antofagasta’s fundamentals reinforce this technical optimism. FY 2024 revenues grew to $6.61 billion (+5% YoY), with EBITDA accelerating to $3.43 billion (+11%), bolstering EBITDA margins to a leading 52%. These metrics spotlight exceptional operational leverage relative to the wider mining universe. Cash flow from operations climbed to $3.28 billion—up 8%—reflecting healthy capital efficiency and cash-generation capacity to support both aggressive growth spend and consistent dividends.
The capital structure is notably robust: a net debt/EBITDA ratio of just 0.48x, substantial cash and liquid investment reserves of $4.3 billion, and meaningful retained flexibility to weather commodity cycles or capital requirements. While the headline P/E of 27.18 places the stock above more diversified mining peers on a valuation basis, investors are, arguably, paying a justifiable premium for sector-leading growth, balance sheet strength, and unique copper leverage. Antofagasta’s disciplined 50% dividend payout policy further underpins shareholder returns, while project pipeline and reserve expansion (notably at Centinela) pre-position the company for continued market share gains and volumetric growth through the decade.
Structurally, Antofagasta is differentiated by its pure-play copper focus—a strategic bet on the backbone metal of the global energy transition. The group benefits from a first-tier asset base spanning Los Pelambres, Centinela, Antucoya, and the Zaldívar JV, and its transport division creates additional, uncorrelated value streams. The operational efficiency initiatives, which generated $248 million in 2024 savings, highlight a culture of rigorous cost discipline and continuous improvement.
Volume and Liquidity
A consistently high average daily volume—over 1.26 million shares—signals strong active interest from both institutional and retail investors, with no evidence of the liquidity constraints sometimes seen in smaller mining plays. This is critical: liquid, actively traded stocks enable efficient price discovery, appealing to both momentum participants and long-horizon allocators.
Free float remains generous, supporting dynamic valuation reactions to company-specific news, sector trends, or macro shifts. The 5Y beta of 1.24 suggests the stock remains moderately more volatile than the FTSE 100, offering interesting trading and hedging possibilities but also reflecting underlying growth sensitivity.
Catalysts and Positive Outlook
- Copper Demand Upside: The electric vehicle, battery storage, and energy infrastructure buildout themes show no sign of abating, creating a multi-year upward trajectory for copper consumption. Recent supply interruptions at competitors, as well as slow global mine expansion, further accentuate potential supply/demand imbalances favourable to price.
- Production and Reserve Growth: The uplift in Q1 copper output (+20% YoY) and a strategic upgrade to Centinela’s reserves (now 2.6 billion tonnes after a 35% jump) pave the way for volume-led revenue growth. Ongoing investments, including the peak $3.9 billion capital outlay, should catalyse further incremental production in 2025-2026.
- Operational Leverage and ESG: Efficiency programmes, sustainability initiatives, and decarbonisation efforts reinforce Antofagasta’s credentials as a responsible copper supplier—a competitive advantage as customers, lenders, and investors increasingly scrutinise ESG metrics.
- Dividend Attractiveness: The 1.42% forward yield, coupled with a transparent 50% payout ratio, offers consistent income alongside growth, at a time when many peers are slashing distributions due to weaker balance sheets or commodity headwinds.
- Strategic M&A Flexibility: With $4.3 billion in cash and low leverage, opportunistic acquisitions or project accelerations are firmly in play, providing optionality rarely matched in the sector.
Investment Strategies
- Short-Term: The stock’s recent pullback from the 2,425 GBX high towards a major support zone at 1,650-1,700 GBX appears to present a classic technical opportunity for tactical investors seeking exposure ahead of potential breakout past key resistance levels.
- Medium-Term: Ongoing reserve expansion, strong Q1 production, and positive commodity price signals may support sustained price upside as the impact of growth capex translates into tangible output, and as forthcoming interim results act as further catalysts.
- Long-Term: For investors with a multi-year horizon, Antofagasta’s sector positioning—anchored by asset quality, balance sheet strength, and copper exposure—aligns with the accelerating adoption of green technologies and infrastructure. Significantly, its track record of capital allocation and dividend stability adds weight to a long-term, buy-and-hold approach.
The establishment of well-defined support and resistance levels, alongside broad-based positive indicators, suggests that current levels may represent an attractive point of entry—both on technical retracement and in anticipation of operational catalysts.
Is it the Right Time to Buy Antofagasta?
Antofagasta’s current profile is marked by a convergence of strengths: industry-leading EBITDA margins, a fortress balance sheet, productive capital discipline, and a uniquely focused exposure to copper’s essential role in the energy transition. Recent operational, technical, and macroeconomic signals combine to reinforce the notion that the stock may be entering a renewed bullish phase, particularly as further reserve and production gains become visible in upcoming quarters.
While inherent volatility and the geographical concentration of operations in Chile call for prudent risk appraisal, the company’s proven ability to translate global macro trends into earnings and cash flow resilience cannot be ignored. The fundamentals justify renewed interest in the stock at these levels, especially in light of both short-term momentum and long-term sector positioning.
For investors seeking to align portfolios with the ongoing electrification megatrend, Antofagasta seems to represent an excellent opportunity—supported by sound financials, robust operational delivery, and technical signals all pointing firmly in the direction of further gains. The upcoming production updates and sustained institutional interest may serve as pivotal catalysts in driving the next leg of the stock’s re-rating.
In sum, Antofagasta stands out as a highly strategic and dynamic play within the global resources sector—one that appears well positioned to capture both near-term momentum and long-term thematic growth. For those seeking exposure to the copper economy and the energy transition story, the stock’s current trajectory makes it a compelling candidate for careful consideration in 2025.
How to buy Antofagasta stock in United Kingdom?
Buying Antofagasta stock online is now a straightforward and secure process for UK investors, thanks to regulated brokers offering easy-to-use trading platforms. You can purchase Antofagasta shares directly—owning real stock (spot buying)—or speculate on price movements using Contracts for Difference (CFDs), which allow for leverage and flexibility. Both methods are readily accessible, with secure transactions and investor protections under UK law. Understanding the key differences between spot buying and CFD trading is essential, and you’ll find a detailed broker comparison further down the page to help you make an informed choice.
Spot Buying (Cash Purchase)
A cash purchase means you buy Antofagasta PLC (LSE: ANTO) shares outright through a regulated broker, becoming a shareholder and benefitting from dividends and voting rights. Typically, UK brokers charge a fixed commission per order—this can range from £5 to £12, depending on the platform.
Example
If Antofagasta’s share price is 1,712.5 GBX (or £17.13 per share), a £1,000 investment allows you to buy approximately 58 shares (excluding minor FX or stamp duty costs), including a typical £5 brokerage fee.
Gain scenario
If the share price rises by 10%, your holding’s value increases to £1,100.
Result: That’s a £100 gross gain, a 10% return on your initial investment.
CFD Trading
CFD trading (Contract for Difference) lets you speculate on Antofagasta’s price movements without owning the underlying shares. It’s ideal for short-term strategies and allows you to use leverage—for example, 5x leverage increases your exposure while requiring a lower initial outlay. Fees are typically built into the buy-sell price spread, plus overnight financing costs if you hold positions after market close.
Example
With £1,000 and 5x leverage, you control a £5,000 position on Antofagasta shares.
Gain scenario
If Antofagasta’s price rises by 8%, your position gains 8% × 5 = 40%.
Result: That’s a £400 gain on a £1,000 outlay (excluding spread and overnight fees).
Final Advice
Before investing, it’s important to compare brokers’ fees, trading conditions, and available features, as these can vary significantly and impact your returns. You’ll find a comprehensive broker comparator further down this page to help you choose the right platform for your needs. Ultimately, whether you opt for spot buying or CFD trading will depend on your investment objectives, experience, and risk tolerance. Take your time to explore all options and choose the method best suited to your financial goals.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
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Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw your money from EightCap?
Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is eToro reliable?
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Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
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eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognised for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
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AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
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Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Our 7 tips for buying Antofagasta stock
| Step | Specific tip for Antofagasta |
|---|---|
| Analyse the market | Review copper price trends, electrification demand, and Antofagasta’s strong industry position before investing. |
| Choose the right trading platform | Opt for a London Stock Exchange-registered broker with competitive fees to easily access ANTO shares in GBP. |
| Define your investment budget | Determine an amount you’re comfortable investing, mindful of mining sector volatility and the FTSE 100 context. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Antofagasta’s growth projects and stable dividend policy. |
| Monitor news and financial results | Track Antofagasta’s quarterly reports, copper production updates, and Chilean regulatory developments. |
| Use risk management tools | Set stop-loss or limit orders to protect your position against commodity price swings and market corrections. |
| Sell at the right time | Review key technical signals and take profits near resistance levels (such as 1,750–1,800 GBX) or after major rallies. |
The latest news about Antofagasta
Antofagasta shares rose 2.27% in the past week, outperforming FTSE 100 peers amid strong copper demand. The stock closed at 1,712.50 GBX on May 2, 2025, reflecting continued investor optimism as copper prices remain resilient, underpinned by persistent global demand from the electrification and renewables drive. London-based analysts have highlighted Antofagasta’s status as the only FTSE 100 constituent with direct and significant copper exposure, making it a unique vehicle for UK investors seeking to benefit from the energy transition. Its market capitalization reached £16.51 billion, reaffirming its relevance and liquidity on the London Stock Exchange, while robust trading volumes affirm ongoing institutional interest in the UK.
Recent Q1 2025 operational results showed copper production up 20% year-on-year, beating market expectations. Antofagasta disclosed quarterly production of 154,700 tonnes, driven by increased throughput and improved ore grades at its flagship Los Pelambres and Centinela mines. This production strength supports the company's full-year guidance of 660,000-700,000 tonnes and reassures UK investors concerned about mining sector volatility. The company’s ability to deliver above-forecast growth despite logistical and weather-related challenges in Chile boosts credibility in the City and helps reinforce its strategic position for those tracking the UK's international mining interests.
The company's Board proposed a final dividend of 23.5 cents per share, aligning with a consistent 50% payout policy and supporting income-seeking UK shareholders. Antofagasta’s dividend yield stands at 1.42%, with the total 2024 forward dividend reaching 31.4 cents per share. This stability appeals to UK institutional and retail investors, particularly given the company's practice of maintaining payouts at 50% of underlying net earnings, a measure that continues to attract pension funds and income-focused portfolios across the United Kingdom. The anticipated dividend payment also reflects the group’s confidence in its underlying cash generation and balance sheet strength.
The group's balance sheet remains robust, with cash and liquid investments of $4.3 billion and a conservative net debt/EBITDA ratio of 0.48x. This financial position is reassuring for investors, especially those in the UK who prioritise prudent financial management and the company’s ability to self-fund capital-intensive growth projects. The healthy liquidity not only underpins future capital expenditures—including ongoing project expansions at Centinela and Los Pelambres—but also safeguards dividends and ensures resilience against commodity market shocks or Chile-specific operational risks that UK analysts closely monitor.
Technical analysis delivers a “Strong Buy” signal, with key moving averages and momentum indicators all positive over the last week. Antofagasta’s 5-day, 20-day, 50-day, 100-day, and 200-day moving averages are all trending above supportive levels, and the 14-day RSI sits at 58.54, signaling further upside potential. The overall technical rating is “Strong Buy,” as noted by market specialists in London, and immediate support is seen around 1,650 GBX with resistance near 1,750 GBX. These technical confirmations reinforce the company’s healthy market momentum and provide encouraging cues for institutional and retail investors in the UK evaluating new or additional positions in the sector.
FAQ
What is the latest dividend for Antofagasta stock?
Antofagasta currently pays a dividend, with the latest declared final dividend at 23.5 cents per share, and a total forward dividend of 31.4 cents per share. The company follows a progressive dividend policy, distributing around 50% of underlying net earnings to shareholders. Payment dates typically fall in May following the annual results. Notably, the dividend yield has been stable, reflecting the group's robust cash flow and strong copper market fundamentals.
What is the forecast for Antofagasta stock in 2025, 2026, and 2027?
Based on the current share price of 1,712.50 GBX, the projected values for Antofagasta stock are 2,226 GBX at the end of 2025, 2,568.75 GBX at the end of 2026, and 3,425 GBX at the end of 2027. These projections align with bullish sector momentum, supported by strong demand for copper in electrification and renewable energy, ongoing productivity gains, and the company’s leading EBITDA margin profile.
Should I sell my Antofagasta shares?
Given Antofagasta’s consistent operational performance, robust balance sheet, and strategic focus on essential copper production, holding onto your shares is a reasonable approach. The company’s inclusion in the FTSE 100, progressive dividend policy, and ongoing investments in growth offer mid- to long-term growth potential. Historical resilience and strong industry outlook further support holding, especially as demand for copper intensifies globally.
Are dividends from Antofagasta eligible for UK ISA accounts, and how are they taxed?
Antofagasta shares listed on the London Stock Exchange are eligible to be held within UK Individual Savings Accounts (ISAs). Dividends received on ISA-held Antofagasta shares are free from UK income tax and capital gains tax. However, note that as a Chilean company, dividends may be subject to withholding tax in Chile before payment to UK investors, with limited ability to reclaim this amount.
What is the latest dividend for Antofagasta stock?
Antofagasta currently pays a dividend, with the latest declared final dividend at 23.5 cents per share, and a total forward dividend of 31.4 cents per share. The company follows a progressive dividend policy, distributing around 50% of underlying net earnings to shareholders. Payment dates typically fall in May following the annual results. Notably, the dividend yield has been stable, reflecting the group's robust cash flow and strong copper market fundamentals.
What is the forecast for Antofagasta stock in 2025, 2026, and 2027?
Based on the current share price of 1,712.50 GBX, the projected values for Antofagasta stock are 2,226 GBX at the end of 2025, 2,568.75 GBX at the end of 2026, and 3,425 GBX at the end of 2027. These projections align with bullish sector momentum, supported by strong demand for copper in electrification and renewable energy, ongoing productivity gains, and the company’s leading EBITDA margin profile.
Should I sell my Antofagasta shares?
Given Antofagasta’s consistent operational performance, robust balance sheet, and strategic focus on essential copper production, holding onto your shares is a reasonable approach. The company’s inclusion in the FTSE 100, progressive dividend policy, and ongoing investments in growth offer mid- to long-term growth potential. Historical resilience and strong industry outlook further support holding, especially as demand for copper intensifies globally.
Are dividends from Antofagasta eligible for UK ISA accounts, and how are they taxed?
Antofagasta shares listed on the London Stock Exchange are eligible to be held within UK Individual Savings Accounts (ISAs). Dividends received on ISA-held Antofagasta shares are free from UK income tax and capital gains tax. However, note that as a Chilean company, dividends may be subject to withholding tax in Chile before payment to UK investors, with limited ability to reclaim this amount.
