Antofagasta (LON:ANTO) had its target price lowered by Peel Hunt from GBX 940 ($12.37) to GBX 800 ($10.52) in a report issued on Monday, Stock Target Advisor reports. The brokerage currently has a hold rating on the mining company’s stock.
A number of other equities analysts also recently commented on ANTO. Morgan Stanley downgraded Antofagasta to an underweight rating in a research note on Monday, March 16th. Goldman Sachs Group decreased their price objective on shares of Antofagasta from GBX 910 ($11.97) to GBX 890 ($11.71) and set a neutral rating for the company in a report on Monday, February 17th. UBS Group reaffirmed a neutral rating on shares of Antofagasta in a report on Wednesday, March 18th. Citigroup reaffirmed a buy rating and set a GBX 1,100 ($14.47) price objective on shares of Antofagasta in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price objective on Antofagasta from GBX 850 ($11.18) to GBX 750 ($9.87) and set a hold rating for the company in a research report on Thursday, March 19th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 841.07 ($11.06).
Shares of ANTO opened at GBX 765.20 ($10.07) on Monday. The firm has a market cap of $7.14 billion and a price-to-earnings ratio of 15.03. The company has a quick ratio of 1.95, a current ratio of 2.33 and a debt-to-equity ratio of 29.33. The business’s 50 day moving average is GBX 767.54 and its two-hundred day moving average is GBX 865.15. Antofagasta has a 52-week low of GBX 575 ($7.56) and a 52-week high of GBX 1,026 ($13.50).
The business also recently disclosed a dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a $0.23 dividend. The ex-dividend date is Thursday, April 23rd. This represents a yield of 2.69%. This is an increase from Antofagasta’s previous dividend of $0.11. Antofagasta’s dividend payout ratio is presently 0.55%.
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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