Antofagasta Receives “Neutral” Rating from Credit Suisse (ANTO)
Antofagasta (LON:ANTO)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 750 ($12.30) target price on the stock. Credit Suisse’s price target suggests a potential downside of 3.91% from the stock’s previous close.
A number of other firms have also recently commented on ANTO. 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 ($17.88) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Antofagasta from GBX 790 ($12.96) to GBX 815 ($13.37) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Antofagasta from GBX 1,110 ($18.21) to GBX 1,035 ($16.98) in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 939.17 ($15.40).
Shares of Antofagasta (LON:ANTO) opened at 780.00 on Wednesday. Antofagasta has a 52 week low of GBX 733.00 and a 52 week high of GBX 1334.00. The stock has a 50-day moving average of GBX 790.4 and a 200-day moving average of GBX 844.0. The company’s market cap is £7.690 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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