Capitalising on healthy prices and limited output disruption, Antofagasta reported healthy 2020 operating results. Although, due to high capex, dividend growth was somewhat restrained. Moreover, with cost escalation risks – reflecting in the 2021 guidance, pricing expected to be tested soon and capex proceeding as planned, extraordinary dividends have a low near-term probability.
While Antofagasta remains a quality copper play, it is expensive at current levels and, hence, it is advised to wai ....
16 Mar 2021
Impressive 2020 results, though near-term potential seems tapped-out
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Impressive 2020 results, though near-term potential seems tapped-out
Antofagasta plc (ANTO:LON) | 2,149 -988.5 (-2.1%) | Mkt Cap: 21,186m
- Published:
16 Mar 2021 -
Author:
Varun Sikka -
Pages:
3
Capitalising on healthy prices and limited output disruption, Antofagasta reported healthy 2020 operating results. Although, due to high capex, dividend growth was somewhat restrained. Moreover, with cost escalation risks – reflecting in the 2021 guidance, pricing expected to be tested soon and capex proceeding as planned, extraordinary dividends have a low near-term probability.
While Antofagasta remains a quality copper play, it is expensive at current levels and, hence, it is advised to wai ....