Deutsche Bank AG Raises Antofagasta plc (ANTO) Price Target to GBX 610
Antofagasta plc (LON:ANTO) had its target price increased by equities research analysts at Deutsche Bank AG from GBX 575 ($7.51) to GBX 610 ($7.96) in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 14.66% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Antofagasta plc from GBX 400 ($5.22) to GBX 380 ($4.96) and set a “neutral” rating for the company in a report on Thursday, July 28th. Macquarie reiterated an “underperform” rating and set a GBX 400 ($5.22) price objective on shares of Antofagasta plc in a report on Monday, August 22nd. Barclays PLC reiterated an “equal weight” rating and set a GBX 410 ($5.35) price objective on shares of Antofagasta plc in a report on Monday, July 18th. Peel Hunt reiterated a “hold” rating and set a GBX 515 ($6.72) price objective on shares of Antofagasta plc in a report on Monday, August 15th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 360 ($4.70) price objective on shares of Antofagasta plc in a report on Thursday, June 30th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. Antofagasta plc has an average rating of “Hold” and a consensus price target of GBX 485.41 ($6.34).
Antofagasta plc (LON:ANTO) opened at 532.00 on Wednesday. The company’s market capitalization is GBX 5.24 billion. Antofagasta plc has a 12-month low of GBX 340.60 and a 12-month high of GBX 610.50. The firm has a 50-day moving average of GBX 516.85 and a 200 day moving average of GBX 474.94.
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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