Antofagasta plc (ANTO) Price Target Increased to GBX 865 by Analysts at Peel Hunt

Antofagasta plc (LON:ANTO) had its price target hoisted by Peel Hunt from GBX 800 ($9.88) to GBX 865 ($10.68) in a research report released on Friday morning. They currently have a hold rating on the mining company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. BNP Paribas reaffirmed a neutral rating and issued a GBX 820 ($10.13) target price on shares of Antofagasta plc in a report on Thursday. HSBC Holdings plc dropped their target price on shares of Antofagasta plc from GBX 760 ($9.39) to GBX 750 ($9.26) and set a hold rating on the stock in a report on Thursday. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 550 ($6.79) target price on shares of Antofagasta plc in a report on Wednesday, March 15th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 450 ($5.56) target price on shares of Antofagasta plc in a report on Wednesday, March 15th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a GBX 800 ($9.88) target price (up from GBX 700 ($8.65)) on shares of Antofagasta plc in a report on Wednesday, March 15th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 679.53 ($8.39).

Antofagasta plc (LON:ANTO) traded down 0.35% during midday trading on Friday, reaching GBX 849.50. The company’s stock had a trading volume of 2,427,387 shares. The firm’s market cap is GBX 8.37 billion. The firm has a 50 day moving average price of GBX 825.57 and a 200-day moving average price of GBX 672.13. Antofagasta plc has a 52 week low of GBX 394.50 and a 52 week high of GBX 905.41.

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The firm also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be issued a dividend of GBX 0.15 ($0.00) per share. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Antofagasta plc’s previous dividend of $0.10. This represents a dividend yield of 1.6%.

Antofagasta plc 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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