Antofagasta plc (ANTO) Downgraded by Haitong Bank
Antofagasta plc (LON:ANTO) was downgraded by research analysts at Haitong Bank to a “neutral” rating in a research report issued on Monday. They presently have a GBX 470 ($6.26) price target on the mining company’s stock, down from their prior price target of GBX 484 ($6.45). Haitong Bank’s price target would suggest a potential downside of 3.65% from the company’s current price.
A number of other brokerages have also recently commented on ANTO. JPMorgan Chase & Co. dropped their price objective on shares of Antofagasta plc from GBX 400 ($5.33) to GBX 380 ($5.06) and set a “neutral” rating for the company in a research note on Thursday, July 28th. Macquarie reissued an “underperform” rating and issued a GBX 400 ($5.33) price objective on shares of Antofagasta plc in a research note on Monday, August 22nd. Barclays PLC reissued an “equal weight” rating and issued a GBX 410 ($5.46) price objective on shares of Antofagasta plc in a research note on Monday, July 18th. Peel Hunt reissued a “hold” rating and issued a GBX 515 ($6.86) price objective on shares of Antofagasta plc in a research note on Monday, August 15th. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 360 ($4.79) price objective on shares of Antofagasta plc in a research note on Thursday, June 30th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. Antofagasta plc currently has an average rating of “Hold” and a consensus target price of GBX 481.55 ($6.41).
Shares of Antofagasta plc (LON:ANTO) opened at 500.50 on Monday. The stock’s market cap is GBX 4.93 billion. Antofagasta plc has a one year low of GBX 340.60 and a one year high of GBX 610.50. The firm has a 50-day moving average of GBX 516.44 and a 200-day moving average of GBX 476.57.
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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