Antofagasta plc Given Hold Rating at Canaccord Genuity (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “hold” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They currently have a GBX 835 ($14.18) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 2.33% from the company’s current price.
Shares of Antofagasta plc (LON:ANTO) traded down 4.56% during mid-day trading on Wednesday, hitting GBX 816.00. 2,964,688 shares of the company’s stock traded hands. 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 796.4 and its 200-day moving average is GBX 825.7. The company’s market cap is £8.045 billion.
A number of other firms have also recently commented on ANTO. Analysts at Westhouse Securities reiterated an “add” rating on shares of Antofagasta plc in a research note on Wednesday. They now have a GBX 885 ($15.03) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Friday, July 25th. They now have a GBX 900 ($15.28) price target on the stock. Finally, analysts at Jefferies Group upgraded shares of Antofagasta plc to a “buy” rating in a research note on Thursday, July 24th. They now have a GBX 1,000 ($16.98) price target on the stock, up previously from GBX 825 ($14.01). Nine analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 846.90 ($14.38).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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