Antofagasta plc (LON:ANTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Antofagasta plc (LON:ANTO) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 2,244.29 ($29.84).

Several analysts have commented on ANTO shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,100 ($27.93) price objective on shares of Antofagasta in a research report on Wednesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($28.26) price target on shares of Antofagasta in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,400 ($31.91) price target on shares of Antofagasta in a research report on Friday, March 28th.

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 1,795.50 ($23.88) on Monday. The firm has a market cap of £22.12 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a 52 week low of GBX 1,278 ($16.99) and a 52 week high of GBX 2,425 ($32.25). The firm’s 50-day simple moving average is GBX 1,680.57 and its two-hundred day simple moving average is GBX 1,708.48.

Antofagasta Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 12th. Investors of record on Thursday, April 17th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a yield of 0.93%. This is a boost from Antofagasta’s previous dividend of $0.08. Antofagasta’s payout ratio is currently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.