Antofagasta (LON:ANTO) Price Target Cut to GBX 800 by Analysts at Peel Hunt

Antofagasta (LON:ANTO) had its target price trimmed by Peel Hunt from GBX 940 ($12.37) to GBX 800 ($10.52) in a research report report published on Monday morning, Stock Target Advisor reports. The firm currently has a hold rating on the mining company’s stock.

ANTO has been the subject of a number of other research reports. Citigroup reaffirmed a buy rating and set a GBX 1,100 ($14.47) price objective on shares of Antofagasta in a research note on Monday, January 27th. HSBC lowered shares of Antofagasta to a reduce rating and increased their price objective for the stock from GBX 820 ($10.79) to GBX 835 ($10.98) in a report on Thursday, December 19th. Royal Bank of Canada raised shares of Antofagasta to a sector performer rating and raised their target price for the stock from GBX 740 ($9.73) to GBX 760 ($10.00) in a research report on Wednesday, March 18th. Morgan Stanley downgraded shares of Antofagasta to an underweight rating in a report on Monday, March 16th. Finally, Liberum Capital raised shares of Antofagasta to a buy rating and upped their price target for the stock from GBX 840 ($11.05) to GBX 1,100 ($14.47) in a research report on Tuesday, January 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Antofagasta currently has a consensus rating of Hold and a consensus target price of GBX 841.07 ($11.06).

LON ANTO opened at GBX 740.20 ($9.74) on Monday. The business’s 50-day moving average price is GBX 767.54 and its 200 day moving average price is GBX 865.15. The company has a current ratio of 2.31, a quick ratio of 1.90 and a debt-to-equity ratio of 29.27. Antofagasta has a twelve month low of GBX 656.60 ($8.64) and a twelve month high of GBX 1,026 ($13.50). The company has a market capitalization of $7.11 billion and a PE ratio of 11.20.

The company also recently disclosed a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be paid a $0.23 dividend. This is a positive change from Antofagasta’s previous dividend of $0.11. This represents a dividend yield of 2.69%. The ex-dividend date is Thursday, April 23rd. Antofagasta’s payout ratio is currently 0.56%.

About Antofagasta

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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