Macquarie Upgrades Antofagasta plc (ANTO) to Neutral
Antofagasta plc (LON:ANTO) was upgraded by investment analysts at Macquarie to a “neutral” rating in a report issued on Monday. The firm presently has a GBX 635 ($7.93) target price on the mining company’s stock, up from their prior target price of GBX 500 ($6.25). Macquarie’s price objective would indicate a potential downside of 5.37% from the company’s current price.
Several other research analysts have also commented on ANTO. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 410 ($5.12) price target on shares of Antofagasta plc in a research report on Monday, July 18th. Credit Suisse Group AG lifted their price target on Antofagasta plc from GBX 360 ($4.50) to GBX 400 ($5.00) and gave the stock an “underperform” rating in a research report on Monday, July 18th. Investec lifted their price target on Antofagasta plc from GBX 408 ($5.10) to GBX 446 ($5.57) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Liberum Capital reaffirmed a “sell” rating and set a GBX 440 ($5.50) price target on shares of Antofagasta plc in a research report on Wednesday, July 27th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 475 ($5.93) price target on shares of Antofagasta plc in a research report on Wednesday, July 27th. Eleven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 499.50 ($6.24).
Shares of Antofagasta plc (LON:ANTO) opened at 671.00 on Monday. The firm has a 50-day moving average price of GBX 555.05 and a 200 day moving average price of GBX 495.07. Antofagasta plc has a 52-week low of GBX 340.60 and a 52-week high of GBX 789.00. The stock’s market cap is GBX 6.62 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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