Antofagasta plc Given Reduce Rating at Numis Securities Ltd (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “reduce” rating reaffirmed by Numis Securities Ltd in a research note issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 700 ($11.79) price target on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 12.06% from the stock’s previous close.
Shares of Antofagasta plc (LON:ANTO) opened at 785.00 on Tuesday. Antofagasta plc has a 52 week low of GBX 733.00 and a 52 week high of GBX 1026.00. The stock’s 50-day moving average is GBX 817.7 and its 200-day moving average is GBX 831.2. The company’s market cap is £7.739 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Antofagasta plc to an “outperform” rating in a research note on Tuesday, May 6th. They now have a GBX 900 ($15.16) price target on the stock. Separately, analysts at Westhouse Securities downgraded shares of Antofagasta plc to an “add” rating in a research note on Wednesday, April 30th. They now have a GBX 885 ($14.91) price target on the stock, down previously from GBX 985 ($16.59). Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Antofagasta plc in a research note on Wednesday, April 30th. They now have a GBX 870 ($14.65) price target on the stock. Ten investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. Antofagasta plc has an average rating of “Hold” and an average price target of GBX 850.50 ($14.33).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.