Antofagasta (ANTO) PT Raised to GBX 1,050 at Peel Hunt

Antofagasta (LON:ANTO) had its target price lifted by Peel Hunt from GBX 1,010 ($13.70) to GBX 1,050 ($14.24) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the mining company’s stock. Peel Hunt’s target price would suggest a potential upside of 1.74% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Deutsche Bank restated a “sell” rating and set a GBX 800 ($10.85) price target on shares of Antofagasta in a report on Thursday, October 26th. Credit Suisse Group increased their price target on Antofagasta from GBX 690 ($9.36) to GBX 780 ($10.58) and gave the stock an “underperform” rating in a report on Wednesday, November 15th. Macquarie cut their price target on Antofagasta from GBX 940 ($12.75) to GBX 920 ($12.48) and set a “neutral” rating on the stock in a report on Thursday, October 26th. 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 report on Thursday, October 26th. Finally, Berenberg Bank cut their price target on Antofagasta from GBX 760 ($10.31) to GBX 750 ($10.17) and set a “sell” rating on the stock in a report on Thursday, October 26th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 819.22 ($11.11).

Shares of Antofagasta (LON ANTO) traded up GBX 6 ($0.08) during mid-day trading on Wednesday, reaching GBX 1,032 ($14.00). The company had a trading volume of 2,945,407 shares, compared to its average volume of 2,260,000. The company has a market capitalization of $10,150.00 and a PE ratio of 4,300.00. Antofagasta has a 1-year low of GBX 11.12 ($0.15) and a 1-year high of GBX 1,071 ($14.52).

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About Antofagasta

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.

Analyst Recommendations for Antofagasta (LON:ANTO)

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