Antofagasta Price Target Lowered to GBX 700 at Numis Securities Ltd (ANTO)
Analysts at Numis Securities Ltd cut their price target on shares of Antofagasta (LON:ANTO) from GBX 850 ($14.01) to GBX 700 ($11.54) in a research report issued to clients and investors on Monday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price indicates a potential downside of 10.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Antofagasta from GBX 900 ($14.83) to GBX 720 ($11.87) in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Antofagasta from GBX 1,035 ($17.06) to GBX 1,030 ($16.97) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Antofagasta in a research note to investors on Wednesday, January 8th. They now have a GBX 750 ($12.36) price target on the stock. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 925.77 ($15.26).
Shares of Antofagasta (LON:ANTO) opened at 789.50 on Monday. Antofagasta has a 1-year low of GBX 733.00 and a 1-year high of GBX 1328.00. The stock’s 50-day moving average is GBX 788.2 and its 200-day moving average is GBX 842.. The company’s market cap is £7.783 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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