Antofagasta plc (ANTO) PT Raised to GBX 650
Antofagasta plc (LON:ANTO) had its target price upped by analysts at Canaccord Genuity from GBX 545 ($6.81) to GBX 650 ($8.12) in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the mining company’s stock. Canaccord Genuity’s price target suggests a potential downside of 7.93% from the company’s current price.
Several other analysts have also weighed in on the company. Jefferies Group restated a “hold” rating and issued a GBX 600 ($7.50) price objective on shares of Antofagasta plc in a report on Thursday, November 10th. Barclays PLC reaffirmed an “equal weight” rating on shares of Antofagasta plc in a report on Thursday, November 10th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 450 ($5.62) target price on shares of Antofagasta plc in a report on Tuesday, November 8th. Royal Bank Of Canada reduced their target price on Antofagasta plc from GBX 600 ($7.50) to GBX 570 ($7.12) and set a “sector performer” rating for the company in a report on Monday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Antofagasta plc from GBX 350 ($4.37) to GBX 390 ($4.87) and gave the company a “neutral” rating in a report on Monday, November 7th. Eleven equities research 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’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 499.50 ($6.24).
Antofagasta plc (LON:ANTO) opened at 662.00 on Friday. The stock has a 50 day moving average price of GBX 551.83 and a 200 day moving average price of GBX 493.70. The firm’s market capitalization is GBX 6.53 billion. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 789.00.
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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