Antofagasta plc Given “Underperform” Rating at Credit Suisse (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “underperform” rating reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Wednesday. They currently have a GBX 750 ($12.41) price objective on the stock. Credit Suisse’s price objective would indicate a potential downside of 6.07% from the stock’s previous close.
A number of other analysts have also recently weighed in on ANTO. Analysts at Societe Generale reiterated a “sell” rating on shares of Antofagasta plc in a research note on Wednesday. They now have a GBX 715 ($11.83) 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. They now have a GBX 730 ($12.08) price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Tuesday. They now have a GBX 800 ($13.24) price target on the stock. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 827.93 ($13.70).
Shares of Antofagasta plc (LON:ANTO) traded up 0.56% during mid-day trading on Wednesday, hitting GBX 803.00. 1,286,918 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 959.50. The stock’s 50-day moving average is GBX 817.4 and its 200-day moving average is GBX 823.0. The company’s market cap is £7.916 billion.
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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