Antofagasta (LON:ANTO) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 865 ($12.13) price objective on the mining company’s stock, up from their previous price objective of GBX 750 ($10.52). Berenberg Bank’s price objective would suggest a potential downside of 3.82% from the company’s current price.
A number of other equities analysts have also recently commented on ANTO. Barclays lifted their price target on shares of Antofagasta from GBX 790 ($11.08) to GBX 965 ($13.53) and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Liberum Capital reaffirmed a “sell” rating and set a GBX 420 ($5.89) price target on shares of Antofagasta in a research note on Wednesday, October 25th. Deutsche Bank reaffirmed a “sell” rating and set a GBX 800 ($11.22) price target on shares of Antofagasta in a research note on Thursday, October 26th. JPMorgan Chase & Co. dropped their price target on shares of Antofagasta from GBX 670 ($9.39) to GBX 660 ($9.25) and set an “underweight” rating for the company in a research note on Thursday, October 26th. Finally, Macquarie dropped their price target on shares of Antofagasta from GBX 940 ($13.18) to GBX 920 ($12.90) and set a “neutral” rating for the company in a research note on Thursday, October 26th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 845.06 ($11.85).
Antofagasta (ANTO) opened at GBX 899.40 ($12.61) on Thursday. Antofagasta has a 52 week low of GBX 11.12 ($0.16) and a 52 week high of GBX 1,071 ($15.02). The company has a market cap of $8,910.00 and a PE ratio of 3,747.50.
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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