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Antofagasta ( (GB:ANTO) ) has shared an update.
Antofagasta plc has announced that long-serving non-executive director Andrónico Luksic Craig has resigned from its board with effect from 27 January 2026 and will not receive any loss-of-office payments beyond accrued remuneration. The company is appointing Andrónico Luksic Lederer, currently Vice President of Development and an executive committee member, as a non-executive director from 1 March 2026, following his resignation from his executive role to become Deputy Chairman of Quiñenco S.A. The board has clarified that Luksic Lederer, who has played a central role in major strategic transactions and exploration-led growth, will not be considered independent under the UK Corporate Governance Code, underscoring the continued influence of the Luksic family over Antofagasta’s governance while aiming to leverage his experience to support future project development and regional expansion.
The most recent analyst rating on (GB:ANTO) stock is a Hold with a £4113.00 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 plc is a London-listed mining company focused primarily on copper production, with operations and development projects in Latin America, notably Chile and Peru. The group is part of the Luksic family-controlled business network and pursues growth through exploration, strategic transactions and long-term resource development across key copper-producing regions.
Average Trading Volume: 1,149,185
Technical Sentiment Signal: Buy
Current Market Cap: £37.22B
For an in-depth examination of ANTO stock, go to TipRanks’ Overview page.