JPMorgan Chase & Co. reissued their underweight rating on shares of Antofagasta (LON:ANTO – Free Report) in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 1,700 ($21.16) price target on the mining company’s stock.
ANTO has been the subject of several other research reports. Jefferies Financial Group reaffirmed a hold rating and set a GBX 1,550 ($19.30) price objective on shares of Antofagasta in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 1,500 ($18.67) price target on shares of Antofagasta in a report on Thursday. Bank of America reaffirmed a buy rating on shares of Antofagasta in a report on Thursday, April 11th. Canaccord Genuity Group reaffirmed a buy rating and issued a GBX 1,925 ($23.96) price target on shares of Antofagasta in a report on Wednesday. Finally, Citigroup reaffirmed a buy rating and issued a GBX 2,100 ($26.14) price target on shares of Antofagasta in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of GBX 1,648.33 ($20.52).
View Our Latest Research Report on Antofagasta
Antofagasta Stock Performance
Antofagasta Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.24 per share. This is a positive change from Antofagasta’s previous dividend of $0.12. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. Antofagasta’s payout ratio is 4,328.36%.
About Antofagasta
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.
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