Antofagasta (ANTO) Lifted to “Hold” at HSBC
HSBC upgraded shares of Antofagasta (LON:ANTO) to a hold rating in a research note published on Thursday morning. They currently have GBX 760 ($9.90) price objective on the mining company’s stock, up from their prior price objective of GBX 750 ($9.77).
Other analysts have also recently issued reports about the company. Barclays boosted their price target on Antofagasta from GBX 935 ($12.18) to GBX 975 ($12.70) and gave the stock an equal weight rating in a research report on Wednesday, July 18th. BNP Paribas boosted their price target on Antofagasta from GBX 820 ($10.68) to GBX 1,010 ($13.16) and gave the stock a neutral rating in a research report on Thursday, May 17th. Deutsche Bank dropped their price target on Antofagasta from GBX 950 ($12.37) to GBX 900 ($11.72) and set a hold rating for the company in a research report on Thursday, August 16th. BMO Capital Markets reiterated an outperform rating and set a GBX 1,200 ($15.63) price target on shares of Antofagasta in a research report on Wednesday, August 15th. Finally, Peel Hunt reiterated a hold rating on shares of Antofagasta in a research report on Friday, July 13th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Antofagasta currently has a consensus rating of Hold and an average price target of GBX 915.61 ($11.93).
Antofagasta stock opened at GBX 784.60 ($10.22) on Thursday. Antofagasta has a 12 month low of GBX 11.12 ($0.14) and a 12 month high of GBX 1,071 ($13.95).
Antofagasta Company Profile
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 Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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