Jefferies Group Raises Antofagasta plc (ANTO) Price Target to GBX 600
Antofagasta plc (LON:ANTO) had its price objective lifted by research analysts at Jefferies Group from GBX 550 ($6.81) to GBX 600 ($7.43) in a report released on Friday. The firm presently has a “hold” rating on the mining company’s stock. Jefferies Group’s price target indicates a potential upside of 11.21% from the company’s current price.
Several other research firms have also recently weighed in on ANTO. JPMorgan Chase & Co. lowered their price target on Antofagasta plc from GBX 400 ($4.95) to GBX 380 ($4.70) and set a “neutral” rating on the stock in a report on Thursday, July 28th. Macquarie reaffirmed an “underperform” rating and issued a GBX 400 ($4.95) price target on shares of Antofagasta plc in a report on Monday, August 22nd. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 410 ($5.07) price target on shares of Antofagasta plc in a report on Monday, July 18th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 515 ($6.37) price target on shares of Antofagasta plc in a report on Monday, August 15th. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 360 ($4.46) price target on shares of Antofagasta plc in a report on Thursday, June 30th. 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 presently has an average rating of “Hold” and a consensus price target of GBX 485.19 ($6.00).
Antofagasta plc (LON:ANTO) opened at 537.50 on Friday. The firm’s market capitalization is GBX 5.30 billion. Antofagasta plc has a 52 week low of GBX 340.60 and a 52 week high of GBX 597.50. The firm has a 50-day moving average price of GBX 516.55 and a 200 day moving average price of GBX 477.92.
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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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