Antofagasta plc (LON:ANTO – Get Free Report) shares traded up 8.7% during trading on Thursday . The stock traded as high as GBX 4,299 and last traded at GBX 4,299. 1,467,445 shares changed hands during trading, a decline of 89% from the average session volume of 13,003,916 shares. The stock had previously closed at GBX 3,954.
Analysts Set New Price Targets
Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a report on Friday, April 10th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and increased their price objective for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Berenberg Bank reiterated a “hold” rating and set a GBX 3,700 price objective on shares of Antofagasta in a report on Thursday, April 16th. Citigroup increased their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Morgan Stanley downgraded Antofagasta to an “underweight” rating and cut their target price for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of GBX 3,493.75.
Check Out Our Latest Stock Analysis on ANTO
Antofagasta Stock Performance
Antofagasta (LON:ANTO – Get Free Report) last released its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. As a group, sell-side analysts predict that Antofagasta plc will post 87.0403995 earnings per share for the current year.
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.
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