Antofagasta plc (ANTO) PT Raised to GBX 460
Antofagasta plc (LON:ANTO) had its price target increased by equities research analysts at Barclays PLC from GBX 410 ($5.35) to GBX 460 ($6.00) in a research report issued to clients and investors on Wednesday. The firm currently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price target would indicate a potential downside of 6.64% from the company’s current price.
A number of other equities research analysts also recently issued reports on the stock. Haitong Bank raised shares of Antofagasta plc to a “buy” rating and cut their price objective for the company from GBX 553 ($7.22) to GBX 484 ($6.32) in a research report on Thursday, June 30th. Deutsche Bank AG reissued a “hold” rating on shares of Antofagasta plc in a research report on Wednesday, June 22nd. Canaccord Genuity downgraded shares of Antofagasta plc to a “hold” rating and cut their price objective for the company from GBX 550 ($7.18) to GBX 475 ($6.20) in a research report on Thursday, June 9th. Jefferies Group boosted their price objective on shares of Antofagasta plc from GBX 450 ($5.87) to GBX 500 ($6.53) and gave the company a “hold” rating in a research report on Thursday, July 7th. Finally, SP Angel reissued a “hold” rating on shares of Antofagasta plc in a research report on Wednesday, July 27th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 483.82 ($6.32).
Shares of Antofagasta plc (LON:ANTO) opened at 492.90 on Wednesday. The stock’s market cap is GBX 4.86 billion. Antofagasta plc has a 52-week low of GBX 340.60 and a 52-week high of GBX 610.50. The firm’s 50-day moving average price is GBX 516.16 and its 200-day moving average price is GBX 476.17.
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About Antofagasta plc
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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