Antofagasta plc Given “Reduce” Rating at Numis Securities Ltd (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “reduce” rating restated by research analysts at Numis Securities Ltd in a report released on Friday. They currently have a GBX 700 ($11.62) target price on the stock. Numis Securities Ltd’s target price indicates a potential downside of 11.67% from the company’s current price.
Shares of Antofagasta plc (LON:ANTO) opened at 790.50 on Friday. Antofagasta plc has a 52 week low of GBX 733.00 and a 52 week high of GBX 959.50. The stock has a 50-day moving average of GBX 813.3 and a 200-day moving average of GBX 817.8. The company’s market cap is £7.793 billion.
A number of other firms have also recently commented on ANTO. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Monday. They now have a GBX 900 ($14.94) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Antofagasta plc in a research note on Friday, August 29th. They now have a GBX 1,000 ($16.59) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Antofagasta plc in a research note on Thursday, August 28th. They now have a GBX 860 ($14.27) price target on the stock. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 821.98 ($13.64).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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