Antofagasta (LON:ANTO) had its price objective decreased by equities researchers at Peel Hunt from GBX 1,050 ($14.75) to GBX 950 ($13.34) in a report issued 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 2.17% from the company’s current price.
Several other brokerages also recently commented on ANTO. Deutsche Bank upped their target price on Antofagasta from GBX 800 ($11.23) to GBX 900 ($12.64) and gave the company a “sell” rating in a report on Monday, January 15th. Liberum Capital reaffirmed a “sell” rating and set a GBX 420 ($5.90) target price on shares of Antofagasta in a report on Wednesday, October 25th. Barclays upped their target price on Antofagasta from GBX 790 ($11.09) to GBX 965 ($13.55) and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Macquarie reduced their target price on Antofagasta from GBX 940 ($13.20) to GBX 920 ($12.92) and set a “neutral” rating for the company in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. reduced their target price on Antofagasta from GBX 670 ($9.41) to GBX 660 ($9.27) and set an “underweight” rating for the company in a report on Thursday, October 26th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Antofagasta has a consensus rating of “Hold” and a consensus price target of GBX 825.06 ($11.59).
Shares of Antofagasta (LON:ANTO) opened at GBX 929.80 ($13.06) on Wednesday. Antofagasta has a fifty-two week low of GBX 11.12 ($0.16) and a fifty-two week high of GBX 1,071 ($15.04). The company has a market capitalization of $9,040.00 and a price-to-earnings ratio of 4,042.61.
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Antofagasta Company Profile
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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