Antofagasta PT Raised to GBX 1,120 (ANTO)
Equities researchers at Canaccord Genuity upped their price objective on shares of Antofagasta (LON:ANTO) from GBX 1,020 ($16.28) to GBX 1,120 ($17.88) in a research report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 26.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Antofagasta from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a GBX 990 ($15.80) price target on the stock, up previously from GBX 900 ($14.37). Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 962.11 ($15.36).
Antofagasta (LON:ANTO) traded up 1.18% during mid-day trading on Friday, hitting GBX 899.00. 961,126 shares of the company’s stock traded hands. 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 £8.863 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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