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Antofagasta plc (LON:ANTO)‘s stock had its “reduce” rating restated by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 700 ($11.74) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 14.95% from the company’s current price.

Shares of Antofagasta plc (LON:ANTO) opened at 824.50 on Tuesday. Antofagasta plc has a 52 week low of GBX 733.00 and a 52 week high of GBX 985.0001. The stock has a 50-day moving average of GBX 809.2 and a 200-day moving average of GBX 825.5. The company’s market cap is £8.128 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Antofagasta plc in a research note on Thursday, August 7th. They now have a GBX 1,000 ($16.78) 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 Tuesday, August 5th. They now have a GBX 900 ($15.10) price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Antofagasta plc in a research note on Monday, August 4th. They now have a GBX 1,000 ($16.78) price target on the stock. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 827.93 ($13.89).

Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.

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