Antofagasta plc’s (ANTO) Underperform Rating Reiterated at Macquarie
Antofagasta plc (LON:ANTO)‘s stock had its “underperform” rating reissued by analysts at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 400 ($4.88) price objective on the mining company’s stock. Macquarie’s price target would indicate a potential downside of 22.63% from the company’s current price.
A number of other research firms have also commented on ANTO. JPMorgan Chase & Co. reduced their price objective on shares of Antofagasta plc from GBX 400 ($4.88) to GBX 380 ($4.63) and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Barclays PLC reissued an “equal weight” rating and set a GBX 410 ($5.00) target price on shares of Antofagasta plc in a research note on Monday, July 18th. Peel Hunt reissued a “hold” rating and set a GBX 515 ($6.28) target price on shares of Antofagasta plc in a research note on Monday, August 15th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 360 ($4.39) target price on shares of Antofagasta plc in a research note on Thursday, June 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 575 ($7.01) target price on shares of Antofagasta plc in a research note on Monday, September 5th. Ten equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Antofagasta plc currently has an average rating of “Hold” and a consensus target price of GBX 485.19 ($5.91).
Shares of Antofagasta plc (LON:ANTO) traded down 0.58% during midday trading on Monday, reaching GBX 517.00. 2,494,869 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 515.24 and a 200 day moving average of GBX 478.77. Antofagasta plc has a 52-week low of GBX 340.60 and a 52-week high of GBX 594.50. The firm’s market cap is GBX 5.10 billion.
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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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