Antofagasta (LON:ANTO)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a report released on Wednesday. They presently have a GBX 1,050 ($14.24) price objective on the mining company’s stock. Peel Hunt’s price target would suggest a potential upside of 10.16% from the stock’s current price.
A number of other equities analysts also recently issued reports on ANTO. Jefferies Group reiterated a “buy” rating on shares of Antofagasta in a report on Monday, December 18th. Investec upgraded shares of Antofagasta to a “buy” rating and increased their price target for the company from GBX 957 ($12.98) to GBX 1,046 ($14.18) in a report on Friday, September 29th. Barclays increased their price target on shares of Antofagasta from GBX 920 ($12.48) to GBX 995 ($13.49) and gave the company an “equal weight” rating in a report on Monday, January 8th. Macquarie cut their price target on shares of Antofagasta from GBX 940 ($12.75) to GBX 920 ($12.48) and set a “neutral” rating for the company in a report on Thursday, October 26th. Finally, Deutsche Bank increased their price target on shares of Antofagasta from GBX 800 ($10.85) to GBX 900 ($12.21) and gave the company a “sell” rating in a report on Monday, January 15th. Nine equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 824.78 ($11.18).
Antofagasta (ANTO) opened at GBX 953.20 ($12.93) on Wednesday. The company has a market cap of $9,320.00 and a price-to-earnings ratio of 4,144.35. Antofagasta has a 12-month low of GBX 11.12 ($0.15) and a 12-month high of GBX 1,071 ($14.52).
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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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