Antofagasta Upgraded to Overweight by HSBC (ANTO)
Antofagasta (LON:ANTO) was upgraded by equities researchers at HSBC from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, ARN reports. The firm currently has a GBX 990 ($15.80) price target on the stock, up from their previous price target of GBX 900 ($14.37). HSBC’s price objective indicates a potential upside of 11.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Antofagasta in a research note to investors on Wednesday. They now have a GBX 1,090 ($17.40) price target on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Antofagasta in a research note to investors on Friday, October 11th. They now have a GBX 875 ($13.97) price target on the stock. Finally, analysts at AlphaValue reiterated an “add” rating on shares of Antofagasta in a research note to investors on Thursday, October 10th. They now have a GBX 999 ($15.95) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 958.11 ($15.30).
Antofagasta (LON:ANTO) traded down 0.28% during mid-day trading on Thursday, hitting GBX 888.50. The stock had a trading volume of 1,431,187 shares. 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 £8.759 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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