Antofagasta plc (LON:ANTO) had its price target raised by equities research analysts at Peel Hunt from GBX 1,000 ($13.33) to GBX 1,010 ($13.46) in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the mining company’s stock. Peel Hunt’s price objective points to a potential upside of 6.88% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. J P Morgan Chase & Co reduced their price target on Antofagasta from GBX 740 ($9.87) to GBX 670 ($8.93) and set an “underweight” rating on the stock in a report on Wednesday, August 23rd. Berenberg Bank reduced their price target on Antofagasta from GBX 760 ($10.13) to GBX 750 ($10.00) and set a “sell” rating on the stock in a report on Thursday, October 26th. Credit Suisse Group boosted their price target on Antofagasta from GBX 690 ($9.20) to GBX 780 ($10.40) and gave the company an “underperform” rating in a report on Wednesday, November 15th. Jefferies Group LLC upgraded Antofagasta to a “buy” rating in a report on Thursday, August 31st. Finally, Deutsche Bank AG boosted their price target on Antofagasta from GBX 700 ($9.33) to GBX 800 ($10.67) 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 given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 815.33 ($10.87).

Shares of Antofagasta (LON:ANTO) traded down GBX 33.50 ($0.45) during trading hours on Monday, reaching GBX 945 ($12.60). The company had a trading volume of 3,371,625 shares, compared to its average volume of 2,720,000. Antofagasta has a 52 week low of GBX 648 ($8.64) and a 52 week high of GBX 1,071 ($14.28).

TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/27/peel-hunt-boosts-antofagasta-plc-anto-price-target-to-gbx-1010.html.

Antofagasta 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.

Stock Target Prices

Analyst Recommendations for Antofagasta (LON:ANTO)

Receive News & Ratings for Antofagasta plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta plc and related companies with MarketBeat.com's FREE daily email newsletter.