Antofagasta stock gains on Berenberg's 4,400p target

Published on 09/18/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Antofagasta stock closed at 3,594.00 pence on September 16, 2026 after Berenberg lifted its target to 4,400 pence. The FTSE 100 miner also rose 3.0 percent that day.

Schwarzweiß-Dokumentarfoto von Bergarbeitern mit Helmen an einer Bohranlage im Tagebau — Schwarzweiß-Reportagefoto von Bergarbeitern an Fördertechnik illustriert Antofagasta plc GB0000456144 im chilenischen Kupferbergbau dokumentarisch, Illustration mit AI erstellt.

Antofagasta stock (GB0000456144) closed at 3,594.00 pence on September 16, 2026, after a 2.7 percent gain from 3,501.00 pence. On September 17, 2026, Ad-hoc News said Berenberg Bank upgraded the miner to Buy and lifted its price target to 4,400 pence.

Target sits above the close

The latest close leaves Antofagasta stock 806.00 pence below the new target, a gap of 22.4 percent from the September 16, 2026 reference price. The same report said the shares traded between 3,582.00 pence and 3,647.00 pence that day, with a 52-week range of 2,254.00 pence to 4,475.00 pence.

Ad-hoc News also said the shares were up 2.7 percent on September 16, 2026, while miners tracked firmer metal prices and a stronger FTSE 100. That mix keeps the chart constructive, but the new 4,400 pence target is the cleaner market anchor for investors.

Price and chart level

As of September 16, 2026, Antofagasta stock traded at 3,594.00 pence on the London Stock Exchange. The move came against a 52-week high of 4,475.00 pence and a 52-week low of 2,254.00 pence, with the stock still below the peak.