Antofagasta shares down on higher costs, weaker by-products despite sales beat By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
0mins
Should l Buy HG?
Source: Investing.com
Antofagasta's Q1 Performance: Antofagasta reported stronger-than-expected copper sales volumes in Q1 2025, with production at 155kt and sales exceeding forecasts by 7%. However, higher cash costs and weaker by-product performance led to a decline in share prices.
Future Guidance and Permit Status: The company maintained its 2025 copper production guidance of 660–700kt and reiterated net cash cost and capital expenditure outlooks. Antofagasta is awaiting a decision on the extension of mining and water permits for its Zaldivar project, which is crucial for its production and financial outlook.
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Analyst Views on HG
Wall Street analysts forecast HG stock price to fall
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 31.550
Low
24.00
Averages
29.20
High
32.00
Current: 31.550
Low
24.00
Averages
29.20
High
32.00
About HG
Hamilton Insurance Group, Ltd. is a Bermuda-based company, which underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its products include Hamilton Re, Hamilton Global Specialty and Hamilton Select. Hamilton Re products include Casualty Reinsurance, US Casualty Reinsurance, Property Treaty Reinsurance, Specialty Reinsurance, Casualty Insurance, Financial Lines Insurance, Property D&F Insurance, General Liability Reinsurance, Healthcare Reinsurance, Aviation Reinsurance, and others. Hamilton Global Specialty products include Accident & Health Insurance, Cyber Insurance, Excess Energy Insurance (Americas), Environmental Insurance (Americas), Environmental Insurance, Financial Institutions Insurance, Fine Art & Specie Insurance, Kidnap & Ransom Insurance, Political Risk Insurance, and others. Hamilton Select products include Allied Medical Insurance, General Casualty Insurance, Medical Professionals Insurance, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cautious Future Outlook: Management expects the market in 2026 to remain competitive but plans to adopt a more measured growth strategy, projecting an increase in the loss ratio to 55% to address market changes and potential risks.
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