Antofagasta (LON:ANTO) Receives Hold Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Antofagasta (LON:ANTO) in a research report released on Thursday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 1,500 ($18.67) target price on the mining company’s stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated an underweight rating on shares of Antofagasta in a research report on Tuesday, April 9th. Canaccord Genuity Group restated a buy rating and issued a GBX 1,925 ($23.96) price target on shares of Antofagasta in a research report on Wednesday, April 17th. Citigroup restated a buy rating and issued a GBX 2,100 ($26.14) price target on shares of Antofagasta in a research report on Wednesday, January 31st. Bank of America reiterated a buy rating on shares of Antofagasta in a research report on Thursday, April 11th. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 1,550 ($19.30) price objective on shares of Antofagasta in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of GBX 1,648.33 ($20.52).

Antofagasta Trading Down 0.6 %

Antofagasta stock opened at GBX 2,250 ($28.01) on Thursday. The stock has a market cap of £22.18 billion, a P/E ratio of 3,358.21, a PEG ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta has a 1 year low of GBX 1,280 ($15.93) and a 1 year high of GBX 2,336 ($29.08). The firm’s 50 day moving average price is GBX 1,951.35 and its 200-day moving average price is GBX 1,667.50.

Antofagasta Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. This is a positive change from Antofagasta’s previous dividend of $0.12. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. Antofagasta’s payout ratio is currently 4,328.36%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.