Investec Lowers Antofagasta Price Target to GBX 685 (ANTO)
Research analysts at Investec lowered their price target on shares of Antofagasta (LON:ANTO) from GBX 716 ($11.80) to GBX 685 ($11.29) in a report released on Thursday, Analyst Ratings Net reports. The firm currently has a “sell” rating on the stock. Investec’s price target suggests a potential downside of 17.72% from the stock’s previous close.
Antofagasta (LON:ANTO) traded up 5.38% on Thursday, hitting GBX 832.50. The stock had a trading volume of 3,540,838 shares. Antofagasta has a one year low of GBX 733.00 and a one year high of GBX 1307.00. The stock’s 50-day moving average is GBX 789.3 and its 200-day moving average is GBX 842.5. The company’s market cap is £8.207 billion.
A number of other firms have also recently commented on ANTO. Analysts at Deutsche Bank cut their price target on shares of Antofagasta from GBX 1,035 ($17.06) to GBX 770 ($12.69) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Antofagasta from GBX 950 ($15.66) to GBX 900 ($14.83) in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Antofagasta in a research note to investors on Tuesday. They now have a GBX 775 ($12.77) price target on the stock. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 886.52 ($14.61).
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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