Antofagasta publishes its Q4 Production Report on Weds, 23 Jan.

• Last time Antofagasta reported was: Q3 Production, 24 Oct.
• The shares traded a daily range of 58.8p or 7.8%.
• Shares -27.0% from 2018 highs; +19.9% from 2018 lows; +6.5% year-to-date.
• Currently 834p (at time of writing).
• Will we see another big move on Wednesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Antofagasta – An Example

Let’s say you think that Antofagasta results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Antofagasta using CFDs, at the current price of 834p. To do this, you need £2,000.

For the purpose of this example, let’s assume Antofagasta reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Antofagasta results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.