Antofagasta plc’s Sell Rating Reaffirmed at Deutsche Bank (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 730 ($12.08) price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 8.58% from the company’s current price.
A number of other analysts have also recently weighed in on ANTO. 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. Separately, analysts at Investec reiterated a “sell” rating on shares of Antofagasta plc in a research note on Tuesday. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Antofagasta plc in a research note on Tuesday. They now have a GBX 835 ($13.82) price target on the stock. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 827.93 ($13.70).
Shares of Antofagasta plc (LON:ANTO) traded up 1.19% on Wednesday, hitting GBX 808.00. 2,061,683 shares of the company’s stock traded hands. Antofagasta plc has a 1-year low of GBX 733.00 and a 1-year high of GBX 959.50. The stock has a 50-day moving average of GBX 817.2 and a 200-day moving average of GBX 822.4. The company’s market cap is £7.966 billion.
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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