Antofagasta plc (ANTO) Stock Rating Reaffirmed by Credit Suisse Group AG
Credit Suisse Group AG reiterated their underperform rating on shares of Antofagasta plc (LON:ANTO) in a research note issued to investors on Wednesday morning. They currently have a GBX 550 ($6.79) target price on the mining company’s stock.
A number of other analysts have also recently commented on ANTO. HSBC Holdings plc reaffirmed a reduce rating and issued a GBX 470 ($5.80) price target on shares of Antofagasta plc in a research note on Tuesday, December 6th. Peel Hunt upped their price target on Antofagasta plc from GBX 580 ($7.16) to GBX 675 ($8.34) and gave the company a hold rating in a research note on Wednesday, January 11th. Citigroup Inc reaffirmed a neutral rating and issued a GBX 720 ($8.89) price target on shares of Antofagasta plc in a research note on Wednesday, December 7th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 450 ($5.56) price target on shares of Antofagasta plc in a research note on Wednesday, March 15th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 440 ($5.43) price target on shares of Antofagasta plc in a research note on Tuesday, March 14th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 679.53 ($8.39).
Shares of Antofagasta plc (LON:ANTO) opened at 849.50 on Wednesday. Antofagasta plc has a 1-year low of GBX 394.50 and a 1-year high of GBX 905.41. The firm has a 50-day moving average of GBX 826.00 and a 200-day moving average of GBX 676.64. The firm’s market capitalization is GBX 8.37 billion.
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The business also recently declared a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be given a GBX 0.15 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 1.6%. This is a boost from Antofagasta plc’s previous dividend of $0.10.
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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