Citigroup Inc. Reiterates “Sell” Rating for Antofagasta plc (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a GBX 710 ($12.18) price target on the stock. Citigroup Inc.’s price objective points to a potential downside of 14.15% from the stock’s previous close.
ANTO has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Antofagasta plc in a research note on Thursday. They now have a GBX 700 ($12.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Antofagasta plc in a research note on Wednesday, July 2nd. They now have a GBX 730 ($12.52) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Antofagasta plc in a research note on Friday, June 27th. They now have a GBX 900 ($15.44) price target on the stock. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 837.62 ($14.37).
Shares of Antofagasta plc (LON:ANTO) traded down 1.39% on Monday, hitting GBX 815.50. The stock had a trading volume of 1,953,859 shares. Antofagasta plc has a 52 week low of GBX 733.00 and a 52 week high of GBX 985.0001. The stock’s 50-day moving average is GBX 780.0 and its 200-day moving average is GBX 823.3. The company’s market cap is £8.040 billion.
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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