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An update from Antofagasta ( (GB:ANTO) ) is now available.
Antofagasta reported a 52% jump in EBITDA to a record $5.2 billion for 2025, as revenue climbed 30% to $8.6 billion on higher copper, gold and molybdenum prices and increased volumes. The EBITDA margin widened to 60%, earnings per share more than doubled on an underlying basis, and the miner proposed a final dividend of 48 cents per share, maintaining a 50% payout ratio while keeping net debt to EBITDA at a modest 0.53.
Capital expenditure peaked at $3.7 billion in 2025 as major growth projects at Centinela and Los Pelambres progressed on time and on budget, positioning the company for about 30% medium-term production growth and lower costs. The group sustained strong safety performance, robust cash generation and a growing cash pile, while reaffirming 2026 copper output guidance of 650,000–700,000 tonnes and signalling continued investment of $3.4 billion in capex to reinforce its standing among leading copper producers.
The most recent analyst rating on (GB:ANTO) stock is a Hold with a £3700.00 price target. To see the full list of analyst forecasts on Antofagasta stock, see the GB:ANTO Stock Forecast page.
Spark’s Take on GB:ANTO Stock
According to Spark, TipRanks’ AI Analyst, GB:ANTO is a Neutral.
Antofagasta’s overall stock score reflects strong technical momentum and positive earnings call sentiment, offset by valuation concerns and cash flow challenges. The company’s robust operational efficiency and strategic initiatives are promising, but the high P/E ratio and cash flow issues warrant caution.
To see Spark’s full report on GB:ANTO stock, click here.
More about Antofagasta
Antofagasta is a pure-play copper producer with operations concentrated in established mining jurisdictions, supported by significant by‑product streams in gold and molybdenum. The group focuses on large-scale projects such as Centinela and Los Pelambres, targeting medium-term production growth while maintaining a strong balance sheet and competitive cost profile.
Average Trading Volume: 1,322,356
Technical Sentiment Signal: Buy
Current Market Cap: £36.59B
For an in-depth examination of ANTO stock, go to TipRanks’ Overview page.