Side by sideGlencore (GLEN.L) and Antofagasta (ANTO.L)Memos of October 12, 2026 and October 14, 2026
Glencore vs Antofagasta stock: the numbers side by side (October 2026)
How do Glencore and Antofagasta compare?
| Glencore GLEN.L | Antofagasta ANTO.L | |
|---|---|---|
| Revenue growth | 7.2%2025 | 30.3%2025 |
| Free cash flow | -1,201US$ millions · 2025 | -719.2US$ millions · 2025 |
| Free cash flow yield | -1.3%Today (Oct 12, 2026) | -1.5%Today (Oct 14, 2026) |
| Dividend yield | 1.3%Today (Oct 12, 2026) | 1.4%Today (Oct 14, 2026) |
| P/E, next 12 months | 11.8xToday (Oct 12, 2026) | 21.9xToday (Oct 14, 2026) |
| Weighted price forecast, about 1 year | 328.69 (-42 %)October 2027 | 3041.94 (-13%)October 2027 |
| Weighted price forecast, about 3 years | 483.36 (-13 %)October 2029 | 4086.27 (+21%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Antofagasta | The higher figure |
| Free cash flow | Antofagasta | The higher figure |
| Free cash flow yield | Glencore | The higher figure |
| Dividend yield | Antofagasta | The higher figure |
| P/E, next 12 months | Glencore | The lower figure |
| Weighted price forecast, about 1 year | Antofagasta | The higher weighted return |
| Weighted price forecast, about 3 years | Antofagasta | The higher weighted return |
What does each company do?
Glencore mines and processes commodities, then markets material from its own operations and other producers to industrial customers.
Glencore (GLEN.L), from our memo of October 12, 2026 · Glencore stock forecast
Antofagasta plc mines copper in Chile and sells concentrate—crushed ore processed into copper-rich material that is smelted to extract the metal—to processors, and cathodes to manufacturers and metals traders.
Antofagasta (ANTO.L), from our memo of October 14, 2026 · Antofagasta stock forecast