Antofagasta plc (LON:ANTO) had its target price cut by J P Morgan Chase & Co from GBX 670 ($8.84) to GBX 660 ($8.71) in a research report report published on Thursday morning. They currently have an underweight rating on the mining company’s stock.
A number of other research analysts also recently weighed in on ANTO. Goldman Sachs Group, Inc. (The) restated a sell rating and issued a GBX 650 ($8.58) price target on shares of Antofagasta plc in a research note on Wednesday, July 5th. Berenberg Bank restated a sell rating and issued a GBX 650 ($8.58) price target on shares of Antofagasta plc in a research note on Wednesday, July 12th. Deutsche Bank AG restated a sell rating and issued a GBX 700 ($9.24) price target on shares of Antofagasta plc in a research note on Thursday, July 13th. Barclays PLC restated an equal weight rating and issued a GBX 790 ($10.42) price target on shares of Antofagasta plc in a research note on Friday, July 14th. Finally, HSBC Holdings plc decreased their price target on Antofagasta plc from GBX 730 ($9.63) to GBX 720 ($9.50) and set a reduce rating for the company in a research note on Friday, July 14th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 784.79 ($10.36).
Shares of Antofagasta plc (ANTO) opened at 956.50 on Thursday. Antofagasta plc has a 12-month low of GBX 513.50 and a 12-month high of GBX 1,071.50. The company has a 50-day moving average price of GBX 977.55 and a 200 day moving average price of GBX 890.92. The firm’s market capitalization is GBX 9.43 billion.
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The company also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 0.79%.
About Antofagasta plc
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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