|Bid||897.20 x 0|
|Ask||897.60 x 0|
|Day's range||890.80 - 907.00|
|52-week range||575.00 - 993.80|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||13.58|
|Earnings date||20 Aug 2020|
|Forward dividend & yield||0.12 (1.27%)|
|Ex-dividend date||23 Apr 2020|
|1y target est||11.28|
Two weeks ago, Antofagasta said the protests could cut its production for the year by about 5,000 tonnes, equivalent to less than 3% of third quarter output, due to delays in supplies and travel disruptions for workers. The London-listed miner said it now expects annual copper production of 750,000 to 770,000 tonnes compared with a prior forecast of 750,000 to 790,000 tonnes. The revised forecast also includes a loss of about 4,000 tonnes from worker strikes at its Antucoya mine that Antofagasta said have ended.
The company, whose flagship mine Los Pelambres is 240 km north-east of Chilean capital Santiago, said the unrest could lead to problems with delivering supplies and employees to site and could hit output to the tune of about 5,000 tonnes. The capital of the country has seen thousands of people holding successive, peaceful demonstrations this week, demanding an end to low wages and a high cost of living. Antofagasta, which operates four mines in the South American country, reported third-quarter production of 197,000 tonnes, up from 188,300 tonnes in the year-ago period, but 0.8% lower than the previous quarter.
The FTSE 100 company reduced its annual forecast for net cash cost, a measure of cost of production per pound of copper produced, to $1.25 per pound as it expects to benefit from a weaker Chilean peso and higher by-product prices. Antofagasta, which is majority-owned by Chile's Luksic family, primarily mines copper with by-products of gold, molybdenum and silver. The company said copper production for the quarter was 198,600 tonnes compared with 163,200 tonnes, a year earlier and maintained its full-year copper production forecast of 750-790,000 tonnes.