Deutsche Bank Increases Antofagasta (ANTO) Price Target to GBX 900
Antofagasta (LON:ANTO) had its price target upped by investment analysts at Deutsche Bank from GBX 800 ($10.85) to GBX 900 ($12.21) in a report released on Monday. The firm presently has a “sell” rating on the mining company’s stock. Deutsche Bank’s price target points to a potential downside of 13.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Jefferies Group restated a “buy” rating on shares of Antofagasta in a research note on Monday, December 18th. Investec upgraded Antofagasta to a “buy” rating and upped their price objective for the stock from GBX 957 ($12.98) to GBX 1,046 ($14.18) in a research note on Friday, September 29th. Barclays upped their target price on Antofagasta from GBX 790 ($10.71) to GBX 965 ($13.09) and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Peel Hunt upped their target price on Antofagasta from GBX 1,000 ($13.56) to GBX 1,010 ($13.70) and gave the company a “hold” rating in a research report on Monday, November 27th. Finally, Macquarie reaffirmed a “neutral” rating and set a GBX 930 ($12.61) target price on shares of Antofagasta in a research report on Tuesday, October 10th. 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 presently has a consensus rating of “Hold” and an average target price of GBX 824.78 ($11.18).
Shares of Antofagasta (LON ANTO) traded up GBX 6.50 ($0.09) during midday trading on Monday, hitting GBX 1,038.50 ($14.08). The company had a trading volume of 1,148,966 shares, compared to its average volume of 2,180,000. The stock has a market cap of $10,090.00 and a PE ratio of 4,327.08. Antofagasta has a 1 year low of GBX 11.12 ($0.15) and a 1 year high of GBX 1,071 ($14.52).
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.
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