Peel Hunt Reaffirms Hold Rating for Antofagasta plc (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “hold” rating reissued by Peel Hunt in a report released on Tuesday. They presently have a GBX 1,000 ($13.15) price target on the mining company’s stock. Peel Hunt’s price target suggests a potential upside of 2.04% from the stock’s current price.
Several other analysts have also recently issued reports on the company. J P Morgan Chase & Co cut their target price on Antofagasta plc from GBX 740 ($9.73) to GBX 670 ($8.81) and set an “underweight” rating for the company in a research report on Wednesday, August 23rd. Goldman Sachs Group Inc restated a “sell” rating and set a GBX 650 ($8.55) price target on shares of Antofagasta plc in a report on Monday, July 24th. Berenberg Bank cut their price target on Antofagasta plc from GBX 760 ($10.00) to GBX 750 ($9.86) and set a “sell” rating for the company in a report on Thursday, October 26th. Jefferies Group LLC upgraded Antofagasta plc to a “buy” rating in a report on Thursday, August 31st. Finally, Deutsche Bank AG raised their price target on Antofagasta plc from GBX 700 ($9.21) to GBX 800 ($10.52) and gave the company a “sell” rating in a report on Wednesday, August 23rd. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Antofagasta plc presently has an average rating of “Hold” and an average target price of GBX 808.39 ($10.63).
Antofagasta plc (LON ANTO) traded up GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 980 ($12.89). The company had a trading volume of 1,036,457 shares, compared to its average volume of 2,790,000. Antofagasta plc has a 12-month low of GBX 648 ($8.52) and a 12-month high of GBX 1,071 ($14.09).
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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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