Antofagasta’s Underperform Rating Reaffirmed at Macquarie (ANTO)
Antofagasta (LON:ANTO)‘s stock had its “underperform” rating reaffirmed by research analysts at Macquarie in a report released on Thursday, ARN reports. They currently have a GBX 700 ($11.21) price objective on the stock. Macquarie’s price objective suggests a potential downside of 18.18% from the stock’s previous close.
ANTO has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated an “add” rating on shares of Antofagasta (LON:ANTO) in a research note to investors on Thursday. They now have a GBX 986 ($15.79) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Antofagasta (LON:ANTO) in a research note to investors on Thursday. They now have a GBX 1,035 ($16.58) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Antofagasta (LON:ANTO) in a research note to investors on Tuesday. They now have a GBX 1,000 ($16.02) price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. Antofagasta presently has an average rating of “Hold” and a consensus price target of GBX 951.59 ($15.24).
Antofagasta (LON:ANTO) traded down 0.12% on Thursday, hitting GBX 854.50. The stock had a trading volume of 637,028 shares. Antofagasta has a 1-year low of GBX 783.00 and a 1-year high of GBX 1392.00. The stock’s 50-day moving average is GBX 895.1 and its 200-day moving average is GBX 922.4. The company’s market cap is £8.424 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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