Credit Suisse Reaffirms “Underperform” Rating for Antofagasta plc (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “underperform” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 750 ($12.54) target price on the stock. Credit Suisse’s target price would suggest a potential downside of 7.06% from the company’s current price.
Antofagasta plc (LON:ANTO) traded up 0.50% during mid-day trading on Monday, hitting GBX 810.9999. The stock had a trading volume of 1,307,358 shares. Antofagasta plc has a 52-week low of GBX 733.00 and a 52-week high of GBX 959.50. The stock’s 50-day moving average is GBX 815.1 and its 200-day moving average is GBX 825.. The company’s market cap is £7.995 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Friday. They now have a GBX 900 ($15.05) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Antofagasta plc in a research note on Tuesday, August 12th. They now have a GBX 700 ($11.70) price target on the stock. Finally, 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 ($16.72) price target on the stock. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 827.93 ($13.84).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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