Antofagasta plc (ANTO) Receives GBX 772.83 Consensus Price Target from Brokerages

Shares of Antofagasta plc (LON:ANTO) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 772.83 ($10.16).

ANTO has been the topic of several analyst reports. J P Morgan Chase & Co reduced their target price on shares of Antofagasta plc from GBX 740 ($9.73) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 650 ($8.55) target price on shares of Antofagasta plc in a report on Monday, July 24th. Berenberg Bank raised their target price on shares of Antofagasta plc from GBX 690 ($9.08) to GBX 760 ($10.00) and gave the company a “sell” rating in a report on Friday, September 8th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 875 ($11.51) target price on shares of Antofagasta plc in a report on Friday, July 28th. Finally, Jefferies Group LLC raised shares of Antofagasta plc to a “buy” rating in a report on Thursday, August 31st.

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Shares of Antofagasta plc (ANTO) traded down GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 989 ($13.01). 1,738,053 shares of the company traded hands, compared to its average volume of 2,700,000. Antofagasta plc has a 52-week low of GBX 526.50 ($6.92) and a 52-week high of GBX 1,071 ($14.09).

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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