Citigroup Inc. Reiterates “Sell” Rating for Antofagasta (ANTO)
Antofagasta (LON:ANTO)‘s stock had its “sell” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a GBX 790 ($12.67) target price on the stock. Citigroup Inc.’s price target indicates a potential downside of 3.83% from the stock’s previous close.
ANTO has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Antofagasta in a research note to investors on Monday. They now have a GBX 1,200 ($19.25) price target on the stock. Finally, 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. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 949.59 ($15.23).
Shares of Antofagasta (LON:ANTO) opened at 813.50 on Monday. Antofagasta has a 1-year low of GBX 783.00 and a 1-year 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 £8.020 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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