Antofagasta plc’s (ANTO) Underperform Rating Reiterated at BNP Paribas
Antofagasta plc (LON:ANTO)‘s stock had its “underperform” rating reissued by research analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They currently have a GBX 600 ($7.44) price objective on the mining company’s stock. BNP Paribas’ price objective suggests a potential downside of 12.92% from the company’s current price.
A number of other research firms have also recently commented on ANTO. Peel Hunt reissued a “hold” rating on shares of Antofagasta plc in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 390 ($4.84) target price on shares of Antofagasta plc in a research note on Tuesday. Canaccord Genuity boosted their target price on shares of Antofagasta plc from GBX 545 ($6.76) to GBX 650 ($8.06) and gave the stock a “hold” rating in a research note on Friday, November 11th. Macquarie raised shares of Antofagasta plc to a “neutral” rating and upped their price objective for the company from GBX 500 ($6.20) to GBX 635 ($7.88) in a research note on Monday, November 14th. Finally, HSBC began coverage on shares of Antofagasta plc in a research note on Tuesday, November 15th. They set a “reduce” rating and a GBX 470 ($5.83) price objective for the company. 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’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 537.81 ($6.67).
Antofagasta plc (LON:ANTO) opened at 671.50 on Thursday. The stock’s 50 day moving average is GBX 598.97 and its 200-day moving average is GBX 511.05. The stock’s market capitalization is GBX 6.62 billion. Antofagasta plc has a 12 month low of GBX 340.60 and a 12 month high of GBX 789.00.
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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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