Berenberg keeps 4,500 GBp target for Antofagasta stock

Published on 10/17/2026 at 20:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 4.48 billion in first-half 2026. Antofagasta stock costs EUR 40.52 on October 16, 2026, plus 0.72 percent versus the Tradegate close.

Analyst target and company figures

Berenberg reiterated its Buy rating and GBp 4,500.00 target on October 16, 2026.
Revenue reached USD 4.48 billion in the first half of 2026.
Antofagasta stock costs EUR 40.52 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, plus 0.72 percent versus the Tradegate close of October 16, 2026.
Antofagasta traded at a P/E ratio of 26.97 on October 16, 2026.

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On October 16, 2026, Markets Insider reported that Berenberg reiterated a Buy rating on Antofagasta and kept its price target at GBp 4,500.00. Against the LSE price of GBp 3,400.00 on October 16, 2026, that target stood 32.35 percent higher. Antofagasta was last at EUR 40.52 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, plus 0.72 percent versus the Tradegate close of October 16, 2026 at EUR 40.23.

First-half revenue reached USD 4.48 billion

Antofagasta reported revenue of USD 4.479 billion for the first half of 2026, up 17.90 percent from the comparable period. Net income was USD 847.3 million, while operating profit reached USD 1.8965 billion, according to the reported figures published for the period.

Stock stays below its yearly high

The LSE price of GBp 3,400.00 was 23.97 percent below the 52-week high of GBp 4,475.00 and 36.22 percent above the 52-week low of GBp 2,496.00 on October 16, 2026. The session change was minus 0.76 percent, with 2,449,598 shares traded against an average volume of 1,084,140 shares.

Valuation and the next reference date

Antofagasta carried a market capitalization of GBP 33.5 billion on October 16, 2026. Its P/E ratio was 26.97 and its trailing dividend yield was 2.00 percent. The current valuation sits alongside a mixed analyst picture: Berenberg kept Buy at GBp 4,500.00, while Markets Insider reported JPMorgan raising its target from GBp 4,300.00 to GBp 4,500.00 on October 14, 2026.

Comparison with peers

Antofagasta (LSE, GBp): plus 0.72 percent, P/E 26.97, market capitalization GBP 33.5 billion
Rio Tinto (LSE, GBp): plus 0.59 percent, P/E 12.33, market capitalization GBP 110.9 billion
Glencore (LSE, GBp): plus 1.57 percent, P/E 17.47, market capitalization GBP 68.4 billion

Price and investor perspective

The stock's 52-week position leaves the Berenberg target 32.35 percent above the latest LSE price, while the first-half revenue figure provides a concrete operating reference for the valuation. Antofagasta was last at EUR 40.52 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, plus 0.72 percent versus the Tradegate close of October 16, 2026 (EUR 40.23). The further course of trading is shown by the continuously updated real-time quote of Antofagasta stock.