Antofagasta (ANTO) Shares Down 2.8%

Antofagasta plc (LON:ANTO) shares dropped 2.8% on Tuesday . The company traded as low as GBX 1,000 ($13.56) and last traded at GBX 1,009.84 ($13.69). Approximately 2,240,000 shares traded hands during trading, an increase of 6% from the average daily volume of 2,110,000 shares. The stock had previously closed at GBX 1,038.50 ($14.08).

Several research analysts have recently commented on the company. Peel Hunt boosted their price objective on Antofagasta from GBX 875 ($11.87) to GBX 1,000 ($13.56) and gave the stock a “hold” rating in a report on Friday, September 22nd. Investec raised Antofagasta to a “buy” rating and boosted their price objective for the stock from GBX 957 ($12.98) to GBX 1,046 ($14.18) in a report on Friday, September 29th. Macquarie reissued a “neutral” rating and set a GBX 930 ($12.61) price objective on shares of Antofagasta in a report on Tuesday, October 10th. Barclays boosted their price objective on Antofagasta from GBX 790 ($10.71) to GBX 965 ($13.09) and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Finally, Liberum Capital reissued a “sell” rating and set a GBX 420 ($5.70) price objective on shares of Antofagasta in a report on Wednesday, October 25th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 824.78 ($11.18).

The firm has a market cap of $9,900.00 and a PE ratio of 4,191.67.

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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.

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