Antofagasta falls as Peel Hunt cuts target price

** Shares of Chilean miner Antofagasta ANTO.L down 4.5% at 3,208p — stock top loser on FTSE 100 .FTSE

** Peel Hunt cuts target price to 3,435p from 3,610p

** "Lower output is expected to reduce 2027E EBITDA by around 13% versus our prior estimate, while a later first-ore-in-mill start at Centinela's second concentrator lowers 2028E output and EBITDA by 14%" — Peel Hunt

** 7 of the 23 analysts covering the stock have a "buy" or higher rating, 10 have "hold", while 6 rate it at "sell" or lower; median PT is 4,000p — LSEG data

** YTD stock has fallen ~2%