Antofagasta Receives Buy Rating from Bank of America Corp. (ANTO)
Antofagasta (LON:ANTO)‘s stock had its “buy” rating reaffirmed by investment analysts at Bank of America Corp. in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 1,200 ($19.25) price objective on the stock. Bank of America Corp.’s price objective suggests a potential upside of 46.07% from the stock’s previous close.
Shares of Antofagasta (LON:ANTO) opened at 814.9999 on Monday. Antofagasta has a 52-week low of GBX 783.00 and a 52-week high of GBX 1392.00. The stock has a 50-day moving average of GBX 895.1 and a 200-day moving average of GBX 922.4. The company’s market cap is £8.035 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an “underperform” rating on shares of Antofagasta in a research note to investors on Thursday, September 26th. They now have a GBX 700 ($11.23) price target on the stock. Separately, analysts at AlphaValue reiterated an “add” rating on shares of Antofagasta in a research note to investors on Thursday, September 26th. They now have a GBX 986 ($15.82) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Antofagasta in a research note to investors on Thursday, September 26th. They now have a GBX 1,035 ($16.61) price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 949.59 ($15.23).
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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