Investment analysts at HSBC began coverage on shares of Antofagasta plc (LON:ANTO) in a research note issued to investors on Tuesday. The brokerage set a “reduce” rating and a GBX 470 ($5.87) price target on the mining company’s stock. HSBC’s price target indicates a potential downside of 33.43% from the company’s previous close.

Other research analysts have also issued reports about the stock. Barclays PLC restated an “equal weight” rating and set a GBX 410 ($5.12) price objective on shares of Antofagasta plc in a research note on Monday, July 18th. Peel Hunt reduced their target price on shares of Antofagasta plc from GBX 515 ($6.43) to GBX 485 ($6.06) and set a “hold” rating for the company in a report on Monday, August 8th. Canaccord Genuity lifted their target price on shares of Antofagasta plc from GBX 475 ($5.93) to GBX 505 ($6.31) and gave the stock a “hold” rating in a report on Thursday, August 4th. SP Angel reaffirmed a “hold” rating on shares of Antofagasta plc in a report on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 585 ($7.31) target price on shares of Antofagasta plc in a report on Thursday, July 28th. Eleven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 499.50 ($6.24).

Analyst Recommendations for Antofagasta plc (LON:ANTO)

Shares of Antofagasta plc (LON:ANTO) opened at 676.00 on Tuesday. The stock’s 50 day moving average is GBX 551.83 and its 200 day moving average is GBX 493.70. Antofagasta plc has a 12-month low of GBX 340.60 and a 12-month high of GBX 789.00. The firm’s market cap is GBX 6.66 billion.

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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