Antofagasta publishes a Q1 Production Report on Weds, 24 Apr

• Last time Antofagasta reported: FY Results, 19 Mar.
• The shares rose as much as 4.9% for a daily range of 33.8p or 3.6%.
• Shares -0.6% from 2019 highs; +40.1% from 2019 lows; +30.1% year-to-date.
• Currently 1019p (at time of writing).
• Could we see another big share price 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 1019p. 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 3% below the current price. Antofagasta results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

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