Antofagasta is the standout copper 'pure play' analyst says

Citi has raised its target price on Antofagast PLC (LSE:ANTO) to £43 and kept a Buy rating, stating the miner remains the standout listed route for investors seeking pure-play copper exposure despite a valuation that already implies a strong long-term metal price. The bank's analysts noted that first-quarter copper output came in at only around 21% of the midpoint of Antofagasta's full-year guidance, but it don't see that as a red flag.