Antofagasta plc (ANTO) Receives “Neutral” Rating from Macquarie
Macquarie restated their neutral rating on shares of Antofagasta plc (LON:ANTO) in a research note released on Wednesday morning. They currently have a GBX 930 ($12.03) target price on the mining company’s stock.
A number of other equities research analysts have also recently weighed in on the company. Jefferies Group LLC boosted their price objective on Antofagasta plc from GBX 800 ($10.35) to GBX 1,000 ($12.93) and gave the company a hold rating in a research note on Thursday, August 24th. Citigroup Inc. reissued a buy rating and issued a GBX 1,100 ($14.23) target price on shares of Antofagasta plc in a report on Thursday, August 24th. J P Morgan Chase & Co dropped their target price on Antofagasta plc from GBX 740 ($9.57) to GBX 670 ($8.67) and set an underweight rating on the stock in a report on Wednesday, August 23rd. HSBC Holdings plc boosted their target price on Antofagasta plc from GBX 720 ($9.31) to GBX 730 ($9.44) and gave the company a reduce rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG boosted their target price on Antofagasta plc from GBX 700 ($9.05) to GBX 800 ($10.35) and gave the company a sell rating in a report on Wednesday, August 23rd. Nine investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Antofagasta plc has a consensus rating of Hold and a consensus price target of GBX 749.17 ($9.69).
Shares of Antofagasta plc (LON ANTO) opened at 1045.00 on Wednesday. The company’s market capitalization is GBX 10.30 billion. The stock has a 50 day moving average of GBX 922.07 and a 200-day moving average of GBX 841.08. Antofagasta plc has a 52 week low of GBX 473.00 and a 52 week high of GBX 1,064.00.
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The company also recently announced a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be issued a $0.10 dividend. This represents a yield of 0.79%. The ex-dividend date is Thursday, September 7th.
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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