Antofagasta (LON:ANTO) was upgraded by research analysts at Deutsche Bank to a “hold” rating in a research note issued to investors on Thursday, March 15th. The brokerage presently has a GBX 1,000 ($14.04) price objective on the mining company’s stock, up from their previous price objective of GBX 900 ($12.63). Deutsche Bank’s price target would suggest a potential upside of 9.22% from the stock’s previous close.
Several other research firms also recently commented on ANTO. Peel Hunt increased their target price on shares of Antofagasta from GBX 1,010 ($14.18) to GBX 1,050 ($14.74) and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Barclays raised their price target on Antofagasta from GBX 920 ($12.91) to GBX 995 ($13.97) and gave the company an “equal weight” rating in a research report on Monday, January 8th. Liberum Capital increased their target price on shares of Antofagasta from GBX 420 ($5.90) to GBX 535 ($7.51) and gave the company a “sell” rating in a research note on Monday, November 27th. JPMorgan Chase reduced their target price on shares of Antofagasta from GBX 700 ($9.83) to GBX 660 ($9.26) and set an “underweight” rating for the company in a research note on Thursday, January 25th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 1,130 ($15.86) target price on shares of Antofagasta in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 902.93 ($12.67).
Shares of ANTO traded down GBX 15.20 ($0.21) during mid-day trading on Thursday, reaching GBX 915.60 ($12.85). The company’s stock had a trading volume of 1,716,141 shares, compared to its average volume of 3,470,000. Antofagasta has a 1 year low of GBX 11.12 ($0.16) and a 1 year high of GBX 1,071 ($15.03).
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Antofagasta Company Profile
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 Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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