Antofagasta plc (ANTO) Trading Down 1.8%
Antofagasta plc (LON:ANTO) shares were down 1.8% during mid-day trading on Tuesday . The stock traded as low as GBX 1,003 ($12.95) and last traded at GBX 1,008 ($13.02). Approximately 3,894,204 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 2,459,330 shares. The stock had previously closed at GBX 1,026 ($13.25).
ANTO has been the subject of several research reports. Deutsche Bank AG cut Antofagasta plc to a “sell” rating and decreased their target price for the company from GBX 800 ($10.33) to GBX 700 ($9.04) in a research note on Friday, May 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 800 ($10.33) target price on shares of Antofagasta plc in a research note on Monday, May 15th. Macquarie reaffirmed a “neutral” rating and set a GBX 850 ($10.98) target price on shares of Antofagasta plc in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 650 ($8.39) target price on shares of Antofagasta plc in a research note on Monday, July 24th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 875 ($11.30) target price on shares of Antofagasta plc in a research note on Friday, July 28th. Nine research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 755.28 ($9.75).
The stock’s 50 day moving average price is GBX 976.58 and its 200-day moving average price is GBX 856.20. The firm’s market cap is GBX 9.94 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.79%.
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About Antofagasta plc
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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