Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Antofagasta (LON:ANTO – Free Report) in a research report released on Thursday morning, MarketBeat.com reports. They currently have a GBX 1,500 ($18.67) target price on the mining company’s stock.
A number of other research analysts also recently weighed in on the stock. Canaccord Genuity Group reissued a buy rating and set a GBX 1,925 ($23.96) target price on shares of Antofagasta in a research report on Wednesday. Citigroup reissued a buy rating and set a GBX 2,100 ($26.14) target price on shares of Antofagasta in a research report on Wednesday, January 31st. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 1,550 ($19.30) price objective on shares of Antofagasta in a report on Tuesday, February 20th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Antofagasta in a report on Tuesday, April 9th. Finally, Bank of America reaffirmed a buy rating on shares of Antofagasta in a report on Thursday, April 11th. 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. According to MarketBeat.com, Antofagasta presently has an average rating of Hold and a consensus price target of GBX 1,648.33 ($20.52).
View Our Latest Analysis on ANTO
Antofagasta Price Performance
Antofagasta Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. This is a positive change from Antofagasta’s previous dividend of $0.12. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.09%. Antofagasta’s payout ratio is presently 4,328.36%.
Antofagasta Company Profile
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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