Antofagasta plc (LON:ANTO) had its price target lifted by stock analysts at Berenberg Bank from GBX 385 ($4.78) to GBX 500 ($6.20) in a research note issued on Wednesday. The brokerage currently has a “sell” rating on the mining company’s stock. Berenberg Bank’s price objective suggests a potential downside of 28.57% from the company’s previous close.

Several other brokerages have also recently weighed in on ANTO. Deutsche Bank AG reissued a “hold” rating and issued a GBX 610 ($7.57) price objective on shares of Antofagasta plc in a research note on Friday, October 21st. Jefferies Group boosted their price objective on shares of Antofagasta plc from GBX 550 ($6.82) to GBX 600 ($7.44) and gave the stock a “hold” rating in a research note on Friday, October 14th. Peel Hunt reissued a “hold” rating and issued a GBX 515 ($6.39) price objective on shares of Antofagasta plc in a research note on Monday, August 15th. Royal Bank Of Canada reduced their price objective on shares of Antofagasta plc from GBX 600 ($7.44) to GBX 570 ($7.07) and set a “sector performer” rating on the stock in a research note on Monday, November 7th. Finally, Haitong Bank cut shares of Antofagasta plc to a “neutral” rating and reduced their price objective for the stock from GBX 484 ($6.00) to GBX 470 ($5.83) in a research note on Monday, September 19th. Nine investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Antofagasta plc has an average rating of “Hold” and an average price target of GBX 529.95 ($6.57).

Analyst Recommendations for Antofagasta plc (LON:ANTO)

Shares of Antofagasta plc (LON:ANTO) opened at 700.00 on Wednesday. The firm has a 50 day moving average price of GBX 598.97 and a 200 day moving average price of GBX 511.05. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 789.00. The firm’s market cap is GBX 6.90 billion.

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Antofagasta plc Company Profile

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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