Antofagasta (ANTO) PT Lowered to GBX 800
Antofagasta (LON:ANTO) had its price objective cut by equities research analysts at Barclays from GBX 820 ($10.71) to GBX 800 ($10.45) in a research note issued on Thursday. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays‘s price target would suggest a potential downside of 4.33% from the company’s previous close.
Several other research analysts have also commented on ANTO. HSBC raised shares of Antofagasta to a “hold” rating and raised their price objective for the company from GBX 750 ($9.80) to GBX 760 ($9.93) in a research note on Thursday, September 13th. Deutsche Bank lowered their price objective on shares of Antofagasta from GBX 900 ($11.76) to GBX 870 ($11.37) and set a “hold” rating for the company in a research note on Tuesday, October 2nd. UBS Group reaffirmed a “sell” rating on shares of Antofagasta in a report on Thursday, October 18th. Royal Bank of Canada raised shares of Antofagasta to an “outperform” rating in a report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Antofagasta from GBX 780 ($10.19) to GBX 700 ($9.15) and set an “underweight” rating on the stock in a report on Thursday, October 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 864.06 ($11.29).
LON ANTO opened at GBX 836.20 ($10.93) on Thursday. Antofagasta has a one year low of GBX 11.12 ($0.15) and a one year high of GBX 1,071 ($13.99).
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
Recommended Story: Trading signals using Bollinger bands
Receive News & Ratings for Antofagasta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta and related companies with MarketBeat.com's FREE daily email newsletter.