Brokerages Set Antofagasta plc (LON:ANTO) Target Price at GBX 899

Share on StockTwits

Antofagasta plc (LON:ANTO) has been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 899 ($11.75).

Several research firms recently weighed in on ANTO. Credit Suisse Group reiterated an “underperform” rating and set a GBX 810 ($10.58) target price (up from GBX 600 ($7.84)) on shares of Antofagasta in a research report on Friday, June 28th. Peel Hunt reiterated a “hold” rating and set a GBX 950 ($12.41) target price on shares of Antofagasta in a research report on Thursday, August 22nd. Barclays reiterated an “underweight” rating on shares of Antofagasta in a research report on Thursday, July 25th. Bank of America restated a “buy” rating on shares of Antofagasta in a research report on Tuesday. Finally, Deutsche Bank restated a “sell” rating and issued a GBX 820 ($10.71) price objective on shares of Antofagasta in a research report on Tuesday, September 10th.

ANTO stock traded down GBX 15.40 ($0.20) on Wednesday, reaching GBX 827 ($10.81). 1,628,191 shares of the company traded hands, compared to its average volume of 3,470,000. Antofagasta has a one year low of GBX 713.20 ($9.32) and a one year high of GBX 1,026 ($13.41). The company has a debt-to-equity ratio of 29.27, a current ratio of 2.31 and a quick ratio of 1.90. The company has a market cap of $8.15 billion and a P/E ratio of 12.51. The firm has a fifty day simple moving average of GBX 862.47 and a 200-day simple moving average of GBX 888.63.

The firm also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a dividend yield of 1.08%. Antofagasta’s dividend payout ratio (DPR) is presently 0.56%.

About Antofagasta

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 Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

Further Reading: How does a security become overbought?

Analyst Recommendations for Antofagasta (LON:ANTO)

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's FREE daily email newsletter.