Antofagasta plc (ANTO) Price Target Raised to GBX 610
Antofagasta plc (LON:ANTO) had its target price raised by analysts at Deutsche Bank AG from GBX 575 ($7.51) to GBX 610 ($7.96) in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 10.91% from the company’s current price.
Several other equities research analysts have also recently weighed in on the company. Barclays PLC upped their target price on Antofagasta plc from GBX 410 ($5.35) to GBX 460 ($6.00) and gave the stock an “equal weight” rating in a report on Wednesday, September 21st. Macquarie reiterated an “underperform” rating and issued a GBX 400 ($5.22) target price on shares of Antofagasta plc in a report on Tuesday, September 20th. Haitong Bank cut Antofagasta plc to a “neutral” rating and lowered their target price for the stock from GBX 484 ($6.32) to GBX 470 ($6.13) in a report on Monday, September 19th. Liberum Capital reissued a “sell” rating and issued a GBX 510 ($6.66) price target on shares of Antofagasta plc in a research report on Thursday, August 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 620 ($8.09) price target on shares of Antofagasta plc in a research report on Thursday, August 25th. Ten equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 482.81 ($6.30).
Antofagasta plc (LON:ANTO) traded up 2.52% during midday trading on Wednesday, hitting GBX 550.00. The company had a trading volume of 4,926,266 shares. Antofagasta plc has a 52 week low of GBX 340.60 and a 52 week high of GBX 610.50. The stock’s market capitalization is GBX 5.42 billion. The stock has a 50 day moving average price of GBX 517.14 and a 200-day moving average price of GBX 476.06.
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Antofagasta plc Company Profile
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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