Antofagasta’s (ANTO) Hold Rating Reaffirmed at Peel Hunt
Antofagasta (LON:ANTO)‘s stock had its “hold” rating reissued by stock analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 1,050 ($14.24) price target on the mining company’s stock. Peel Hunt’s price objective suggests a potential upside of 10.76% from the company’s previous close.
Several other equities analysts also recently issued reports on the company. Credit Suisse Group upped their target price on Antofagasta from GBX 690 ($9.36) to GBX 780 ($10.58) and gave the company an “underperform” rating in a research report on Wednesday, November 15th. Berenberg Bank cut their target price on Antofagasta from GBX 760 ($10.31) to GBX 750 ($10.17) and set a “sell” rating on the stock in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating on shares of Antofagasta in a research report on Monday, December 18th. Liberum Capital reaffirmed a “sell” rating and set a GBX 420 ($5.70) price target on shares of Antofagasta in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. cut their price target on Antofagasta from GBX 670 ($9.09) to GBX 660 ($8.95) and set an “underweight” rating on the stock in a research report on Thursday, October 26th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 826.44 ($11.21).
Antofagasta (ANTO) opened at GBX 948 ($12.86) 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 stock has a market capitalization of $9,410.00 and a price-to-earnings ratio of 4,121.74.
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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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