Antofagasta (ANTO) Price Target Raised to GBX 1,050
Antofagasta (LON:ANTO) had its price objective boosted by investment analysts at Peel Hunt from GBX 1,010 ($13.70) to GBX 1,050 ($14.24) in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the mining company’s stock. Peel Hunt’s price target points to a potential upside of 5.00% from the stock’s current price.
Several other research firms have also recently weighed in on ANTO. Deutsche Bank reissued a “sell” rating and set a GBX 800 ($10.85) price objective on shares of Antofagasta in a research report on Thursday, October 26th. Jefferies Group reissued a “buy” rating on shares of Antofagasta in a research report on Monday, December 18th. Berenberg Bank cut their price objective on Antofagasta from GBX 760 ($10.31) to GBX 750 ($10.17) and set a “sell” rating for the company in a research report on Thursday, October 26th. Macquarie cut their price objective on Antofagasta from GBX 940 ($12.75) to GBX 920 ($12.48) and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Barclays boosted their price objective on Antofagasta from GBX 790 ($10.71) to GBX 965 ($13.09) and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 819.22 ($11.11).
Antofagasta (LON:ANTO) opened at GBX 1,000 ($13.56) on Wednesday. Antofagasta has a 12-month low of GBX 11.12 ($0.15) and a 12-month high of GBX 1,071 ($14.52). The firm has a market capitalization of $9,910.00 and a PE ratio of 4,166.67.
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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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