Peel Hunt Increases Antofagasta plc (ANTO) Price Target to GBX 865
Antofagasta plc (LON:ANTO) had its target price upped by research analysts at Peel Hunt from GBX 800 ($9.88) to GBX 865 ($10.68) in a research report issued on Friday. The brokerage currently has a “hold” rating on the mining company’s stock. Peel Hunt’s price objective points to a potential upside of 1.82% from the company’s current price.
A number of other analysts also recently commented on the company. Barclays PLC increased their price target on Antofagasta plc from GBX 510 ($6.30) to GBX 650 ($8.03) and gave the company an “equal weight” rating in a research report on Monday, January 9th. Citigroup Inc raised Antofagasta plc to a “buy” rating and set a GBX 870 ($10.74) price target for the company in a research report on Monday, January 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 390 ($4.82) price target on shares of Antofagasta plc in a research report on Tuesday, December 6th. Credit Suisse Group AG increased their price target on Antofagasta plc from GBX 530 ($6.55) to GBX 550 ($6.79) and gave the company an “underperform” rating in a research report on Thursday, January 26th. Finally, Macquarie increased their price target on Antofagasta plc from GBX 720 ($8.89) to GBX 900 ($11.12) and gave the company a “neutral” rating in a research report on Monday, February 6th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 679.53 ($8.39).
Antofagasta plc (LON:ANTO) opened at 842.00 on Friday. The firm has a 50-day moving average of GBX 826.00 and a 200 day moving average of GBX 676.64. Antofagasta plc has a 12-month low of GBX 394.50 and a 12-month high of GBX 905.41. The firm’s market capitalization is GBX 8.30 billion.
The business also recently declared a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be given a GBX 0.15 ($0.00) dividend. The ex-dividend date is Thursday, April 27th. This is a boost from Antofagasta plc’s previous dividend of $0.10. This represents a dividend yield of 1.6%.
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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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