Antofagasta plc (ANTO) Earns Neutral Rating from Macquarie
Antofagasta plc (LON:ANTO)‘s stock had its “neutral” rating reissued by Macquarie in a research note issued on Thursday. They presently have a GBX 930 ($12.01) price target on the mining company’s stock. Macquarie’s price target would indicate a potential downside of 2.41% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “sell” rating on shares of Antofagasta plc in a report on Friday. Berenberg Bank lifted their price target on Antofagasta plc from GBX 690 ($8.91) to GBX 760 ($9.82) and gave the stock a “sell” rating in a report on Friday, September 8th. Jefferies Group LLC raised Antofagasta plc to a “buy” rating in a report on Thursday, August 31st. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,100 ($14.21) price target on shares of Antofagasta plc in a report on Thursday, August 24th. Finally, J P Morgan Chase & Co decreased their price target on Antofagasta plc from GBX 740 ($9.56) to GBX 670 ($8.65) and set an “underweight” rating for the company in a report on Wednesday, August 23rd. Nine investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Antofagasta plc presently has a consensus rating of “Hold” and a consensus price target of GBX 755.28 ($9.75).
Antofagasta plc (LON:ANTO) traded down 2.26% during midday trading on Thursday, reaching GBX 931.50. The company’s stock had a trading volume of 3,529,210 shares. Antofagasta plc has a 1-year low of GBX 480.80 and a 1-year high of GBX 1,071.50. The firm’s market capitalization is GBX 9.18 billion. The stock’s 50-day moving average price is GBX 978.91 and its 200 day moving average price is GBX 858.00.
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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