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Antofagasta ( (GB:ANTO) ) just unveiled an update.
Antofagasta plc has released its 2024 Report on Payments to Governments, detailing taxes and payments related to its mining activities, primarily in Chile. The report highlights the implementation of a new mining royalty regime in Chile, which includes a royalty ranging from 8% to 26% based on profitability and a 1% ad valorem royalty on copper sales. This change impacts the company’s financial obligations and reflects its commitment to transparency in financial reporting.
The most recent analyst rating on (GB:ANTO) stock is a Buy with a £1950.00 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 is primarily driven by strong operational efficiency and a positive earnings call highlighting robust financial performance. However, challenges in revenue growth, cash flow management, and a relatively high valuation weigh on the score.
To see Spark’s full report on GB:ANTO stock, click here.
More about Antofagasta
Antofagasta is a Chile-based copper mining group that operates four copper mines in Chile and has a significant portfolio of growth opportunities in Chile and the Americas. Mining is the Group’s core business, representing over 95% of its revenue and profit before tax in 2024. The Group also has a Transport Division in Chile and holds a 50% stake in the Zaldívar mine, which is accounted for as a joint venture.
Average Trading Volume: 1,186,824
Technical Sentiment Signal: Strong Buy
Current Market Cap: £17.02B
Learn more about ANTO stock on TipRanks’ Stock Analysis page.