Antofagasta traded at 3,905.00 this Saturday August 22nd, increasing 199.00 or 5.37 percent since the previous trading session. Looking back, over the last four weeks, Antofagasta gained 7.84 percent. Over the last 12 months, its price rose by 80.79 percent. Looking ahead, we forecast Antofagasta to be priced at 3,830.81 by the end of this quarter and at 3,616.57 in one year, according to Trading Economics global macro models projections and analysts expectations.
Antofagasta plc is a copper mining company. The Company operates four copper mines in Chile, two of which produce by-products. In addition to mining, the Company has a transport division providing rail and road cargo services in northern Chile predominantly to mining customers, which include the Company’s own operations. The Company’s segments include Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. Los Pelambres produces primarily copper concentrate and molybdenum as a by-product. Centinela produces copper concentrate containing gold as a by-product, molybdenum concentrates and copper cathodes. Antucoya and Zaldivar produce copper cathodes. The transport division provides rail cargo and road cargo transport together with its ancillary services.