Peel Hunt Increases Antofagasta plc (ANTO) Price Target to GBX 865
Antofagasta plc (LON:ANTO) had its price objective boosted by equities researchers at Peel Hunt from GBX 800 ($9.88) to GBX 865 ($10.68) in a report issued on Friday. The brokerage currently has a “hold” rating on the mining company’s stock. Peel Hunt’s price objective indicates a potential upside of 1.82% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Barclays PLC raised their price objective on shares of Antofagasta plc from GBX 510 ($6.30) to GBX 650 ($8.03) and gave the stock an “equal weight” rating in a research note on Monday, January 9th. Citigroup Inc raised shares of Antofagasta plc to a “buy” rating and set a GBX 870 ($10.74) price objective for the company in a research note on Monday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 390 ($4.82) price objective on shares of Antofagasta plc in a research note on Tuesday, December 6th. Credit Suisse Group AG raised their price objective on shares of Antofagasta plc from GBX 530 ($6.55) to GBX 550 ($6.79) and gave the stock an “underperform” rating in a research note on Thursday, January 26th. Finally, Macquarie raised their price objective on shares of Antofagasta plc from GBX 720 ($8.89) to GBX 900 ($11.12) and gave the stock a “neutral” rating in a research note on Monday, February 6th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 679.53 ($8.39).
Antofagasta plc (LON:ANTO) opened at 842.00 on Friday. Antofagasta plc has a 12 month low of GBX 394.50 and a 12 month high of GBX 905.41. The stock has a 50 day moving average price of GBX 826.00 and a 200 day moving average price of GBX 676.64. The stock’s market capitalization is GBX 8.30 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be issued a dividend of GBX 0.15 ($0.00) per share. This represents a yield of 1.6%. This is a positive change from Antofagasta plc’s previous dividend of $0.10. The ex-dividend date is Thursday, April 27th.
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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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