Antofagasta (ANTO) Price Target Lowered to GBX 800 at Barclays
Antofagasta (LON:ANTO) had its price objective trimmed by Barclays from GBX 820 ($10.71) to GBX 800 ($10.45) in a report issued on Thursday. The firm currently has an equal weight rating on the mining company’s stock.
A number of other research firms also recently issued reports on ANTO. Deutsche Bank cut their price objective on shares of Antofagasta from GBX 900 ($11.76) to GBX 870 ($11.37) and set a hold rating for the company in a report on Tuesday, October 2nd. Goldman Sachs Group downgraded shares of Antofagasta to a sell rating and cut their price objective for the company from GBX 760 ($9.93) to GBX 720 ($9.41) in a report on Thursday, October 25th. Citigroup cut their price target on shares of Antofagasta from GBX 1,050 ($13.72) to GBX 980 ($12.81) and set a buy rating for the company in a report on Friday, October 26th. JPMorgan Chase & Co. cut their price target on shares of Antofagasta from GBX 780 ($10.19) to GBX 700 ($9.15) and set an underweight rating for the company in a report on Thursday, October 25th. Finally, UBS Group reaffirmed a sell rating on shares of Antofagasta in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Antofagasta currently has a consensus rating of Hold and a consensus price target of GBX 864.06 ($11.29).
ANTO traded down GBX 7.40 ($0.10) on Thursday, reaching GBX 836.20 ($10.93). The company had a trading volume of 2,082,475 shares, compared to its average volume of 3,470,000. Antofagasta has a fifty-two week low of GBX 11.12 ($0.15) and a fifty-two week high of GBX 1,071 ($13.99).
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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