Macquarie Reiterates “Underperform” Rating for Antofagasta plc (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “underperform” rating reissued by stock analysts at Macquarie in a research report issued on Monday. They currently have a GBX 400 ($4.88) target price on the mining company’s stock. Macquarie’s target price points to a potential downside of 23.44% from the stock’s current price.
ANTO has been the topic of a number of other research reports. Barclays PLC raised their price objective on Antofagasta plc from GBX 410 ($5.00) to GBX 460 ($5.61) and gave the stock an “equal weight” rating in a research note on Wednesday, September 21st. Liberum Capital restated a “sell” rating and set a GBX 510 ($6.22) price objective on shares of Antofagasta plc in a research note on Thursday, August 25th. SP Angel restated a “hold” rating on shares of Antofagasta plc in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. raised their price objective on Antofagasta plc from GBX 250 ($3.05) to GBX 280 ($3.41) and gave the stock a “sell” rating in a research note on Tuesday, June 28th. Finally, Credit Suisse Group AG restated an “underperform” rating and set a GBX 400 ($4.88) price objective on shares of Antofagasta plc in a research note on Thursday, July 28th. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Antofagasta plc has a consensus rating of “Hold” and a consensus target price of GBX 485.19 ($5.91).
Antofagasta plc (LON:ANTO) opened at 520.50 on Monday. Antofagasta plc has a 52 week low of GBX 340.60 and a 52 week high of GBX 594.50. The firm’s market cap is GBX 5.13 billion. The stock’s 50 day moving average price is GBX 515.44 and its 200 day moving average price is GBX 479.14.
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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