Sanford C. Bernstein Reiterates Outperform Rating for Antofagasta (ANTO)
Antofagasta (LON:ANTO)‘s stock had its “outperform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday, Analyst RN reports. They currently have a GBX 1,100 ($18.06) target price on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 34.23% from the company’s current price.
ANTO has been the subject of a number of other recent research reports. Analysts at Westhouse Securities cut their price target on shares of Antofagasta from GBX 1,090 ($17.89) to GBX 1,000 ($16.41) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Investec cut their price target on shares of Antofagasta from GBX 716 ($11.75) to GBX 685 ($11.24) in a research note to investors on Thursday, January 16th. They now have a “sell” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Antofagasta from GBX 1,035 ($16.99) to GBX 770 ($12.64) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 891.46 ($14.63).
Shares of Antofagasta (LON:ANTO) traded down 3.02% during mid-day trading on Tuesday, hitting GBX 819.50. The stock had a trading volume of 2,194,926 shares. Antofagasta has a 52 week low of GBX 733.00 and a 52 week high of GBX 1282.00. The stock has a 50-day moving average of GBX 793. and a 200-day moving average of GBX 842.9. The company’s market cap is £8.079 billion.
Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.
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