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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Antofagasta plc    ANTO   GB0000456144

ANTOFAGASTA PLC

(ANTO)
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FTSE steps warily into election week, travel stocks fall

06/05/2017 | 12:22pm EST
A man shelters under an umbrella as he walks past the London Stock Exchange

LONDON (Reuters) - British shares were on the back foot on Monday with a general election looming and some tourism-related shares dented after an attack in London on Saturday.

The blue-chip FTSE 100 index <.FTSE> ended the day 0.3 percent lower, falling back from the record high it touched on Friday.

A parliamentary election on Thursday was looking more uncertain as some polls suggested Prime Minister Theresa May's Conservative Party was not certain to win a majority.

Markets largely absorbed the geopolitical shocks of an attack in London over the weekend and an escalating diplomatic rift between Saudi Arabia, Egypt, the United Arab Emirates, Bahrain on one side and Qatar on the other.

But travel and leisure sector stocks were among the worst-performing on the index.

Budget airline easyJet (>> easyJet plc) fell 3.2 percent, and Merlin (>> Merlin Entertainments PLC), which runs attractions including London's Madame Tussaud's waxworks museum, fell 2.4 percent.

British Airways' owner IAG (>> International Consolidated Airlns Grp SA) was down 2.6 percent, while the broader pan-European sectoral index <.SXTP> dropped 0.8 percent.

Ocado (>> Ocado Group PLC) reversed course to end 1.2 percent lower after touching a 14-month high, as investors reassessed the online grocer's long-awaited international deal with an unidentified regional European retailer.

The online grocer announced the deal on Sunday, a year and a half after missing a self-imposed deadline to secure one. Ocado said it would provide the partner with software, know-how and support services to create an online grocery business.

"Ocado trades at 21 times next year's EBITDA (earnings before tax, interest, depreciation and amortisation), three times higher than the industry's 6.6 times. That means Ocado needs lots of big deals to warrant this valuation," said Bernstein retail analyst Bruno Monteyne, adding the deal's earnings potential was unclear.

Ocado's shares have gained 37 percent in the past two months, possibly in anticipation of a deal, so the good news could already be in the share price, Monteyne added.

Sage Group (>> The Sage Group plc) fell 2.7 percent after analysts expressed doubts over the sale of its U.S. payments business.

"We are surprised a) at the low price (9 times earnings) and b) that the disposal was not to an industry player able to fulfil Sage's ambition of partnering to provide a global payments platform to its customers," said an analyst at Numis.

Stocks among the Qatar Investment Authority's top holdings were little changed. Glencore (>> Glencore PLC) fell 1.3 percent in a generally weaker basic resources sector, and Royal Dutch Shell <RDSa.L> was up 0.2 percent.

Elsewhere, broker notes sent some stocks south, with miners particularly targeted.

Antofagasta (>> Antofagasta plc) was the top blue-chip faller, down 3.5 percent after HSBC cut it to 'reduce' from 'hold'.

Kaz Minerals (>> KAZ Minerals PLC) was the top loser among mid-caps, down 3.8 percent after HSBC cut its rating on the Kazakhstan copper miner to 'reduce' from 'hold', citing recent weakness in copper prices and strength in the Kazakh currency, the tenge.

(Reporting by Helen Reid; Editing by Mark Potter)

By Helen Reid


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC -3.66% 1514.5 Delayed Quote.5.14%
GLOBAL PAYMENTS INC. -1.35% 191.38 Delayed Quote.-11.16%
HSBC HOLDINGS PLC -1.21% 403.25 Delayed Quote.6.44%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 0.03% 162.25 Delayed Quote.1.53%
LETS HOLDINGS GROUP CO., LTD. 1.58% 7.72 End-of-day quote.-0.77%
LOOK HOLDINGS INCORPORATED -1.07% 921 End-of-day quote.-3.76%
MSCI UNITED KINGDOM (STRD, UHD) -1.67% 1069.544 Real-time Quote.5.50%
NEXT PLC 0.73% 8018 Delayed Quote.13.15%
OCADO GROUP PLC -2.75% 2513 Delayed Quote.9.88%
All news about ANTOFAGASTA PLC
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2020Copper dips on firm dollar, U.S. stimulus doubts; aluminium shimmers
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2020Credit Suisse Lifts Antofagasta to Neutral From Underperform, Raises PT
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2020ANTOFAGASTA : s Centinela union rejects contract offer, opens door to strike
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2020Miners, smelters still divided on copper processing charges
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More news
Financials (USD)
Sales 2020 4 712 M - -
Net income 2020 513 M - -
Net Debt 2020 257 M - -
P/E ratio 2020 38,3x
Yield 2020 1,17%
Capitalization 20 285 M 20 295 M -
EV / Sales 2020 4,36x
EV / Sales 2021 3,44x
Nbr of Employees 6 532
Free-Float 33,9%
Chart ANTOFAGASTA PLC
Duration : Period :
Antofagasta plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 18,12 $
Last Close Price 20,58 $
Spread / Highest target 19,2%
Spread / Average Target -12,0%
Spread / Lowest Target -42,3%
EPS Revisions
Managers and Directors
NameTitle
IvŠn Arriagada Herrera Group Chief Executive Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
HernŠn Menares Vice President-Operations
Mauricio Ortiz Group Chief Financial Officer
Ramon F. Jara Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTOFAGASTA PLC5.14%20 295
FIRST QUANTUM MINERALS LTD.8.10%12 403
KGHM POLSKA MIEDZ S.A.8.22%10 554
JIANGXI COPPER COMPANY LIMITED18.39%9 578
VEDANTA LIMITED8.80%8 891
KAZ MINERALS PLC10.82%4 697