Antofagasta (LON:ANTO) was upgraded by investment analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Thursday. The brokerage presently has a GBX 865 ($12.13) target price on the mining company’s stock, up from their previous target price of GBX 750 ($10.52). Berenberg Bank’s target price would indicate a potential downside of 1.26% from the stock’s current price.
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Antofagasta from GBX 700 ($9.81) to GBX 660 ($9.25) and set an “underweight” rating on the stock in a research note on Thursday, January 25th. Deutsche Bank restated a “sell” rating and issued a GBX 800 ($11.22) target price on shares of Antofagasta in a research note on Thursday, October 26th. Citigroup restated a “buy” rating and issued a GBX 1,130 ($15.84) target price on shares of Antofagasta in a research note on Thursday, January 25th. Peel Hunt boosted their target price on Antofagasta from GBX 1,010 ($14.16) to GBX 1,050 ($14.72) and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, Jefferies Group restated a “buy” rating on shares of Antofagasta in a research note on Monday, December 18th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Antofagasta presently has a consensus rating of “Hold” and an average target price of GBX 855.40 ($11.99).
Shares of Antofagasta (LON ANTO) traded down GBX 0.80 ($0.01) during midday trading on Thursday, reaching GBX 876 ($12.28). The company’s stock had a trading volume of 4,834,569 shares, compared to its average volume of 2,390,000. Antofagasta has a 1 year low of GBX 11.12 ($0.16) and a 1 year high of GBX 1,071 ($15.02). The stock has a market capitalization of $8,620.00 and a P/E ratio of 3,808.70.
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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