Antofagasta plc (ANTO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Antofagasta plc (LON:ANTO) have earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 899 ($11.97).

A number of brokerages recently issued reports on ANTO. JPMorgan Chase & Co. dropped their price objective on shares of Antofagasta from GBX 750 ($9.99) to GBX 710 ($9.45) and set an “underweight” rating for the company in a report on Monday, April 9th. Deutsche Bank raised shares of Antofagasta to a “hold” rating and upped their price objective for the company from GBX 900 ($11.98) to GBX 1,000 ($13.31) in a report on Thursday, March 15th. Citigroup reissued a “buy” rating on shares of Antofagasta in a report on Wednesday, March 14th. HSBC dropped their price objective on shares of Antofagasta from GBX 760 ($10.12) to GBX 750 ($9.99) and set a “reduce” rating for the company in a report on Wednesday, April 18th. Finally, Credit Suisse Group upped their price objective on shares of Antofagasta from GBX 780 ($10.38) to GBX 800 ($10.65) and gave the company an “underperform” rating in a report on Thursday, March 15th.

Antofagasta opened at GBX 1,081.50 ($14.40) on Thursday, MarketBeat Ratings reports. Antofagasta has a 52-week low of GBX 11.12 ($0.15) and a 52-week high of GBX 1,071 ($14.26).

About Antofagasta

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

Analyst Recommendations for Antofagasta (LON:ANTO)

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