Antofagasta (ANTO) Upgraded by UBS Group to “Neutral”

UBS Group upgraded shares of Antofagasta (LON:ANTO) to a neutral rating in a research note issued to investors on Tuesday, investing.thisismoney.co.uk reports.

A number of other analysts have also commented on the company. Citigroup decreased their target price on Antofagasta from GBX 1,050 ($13.72) to GBX 980 ($12.81) and set a buy rating for the company in a research report on Friday, October 26th. HSBC decreased their target price on Antofagasta from GBX 760 ($9.93) to GBX 750 ($9.80) and set a hold rating for the company in a research report on Thursday, October 25th. Goldman Sachs Group lowered Antofagasta to a sell rating and decreased their price objective for the stock from GBX 760 ($9.93) to GBX 720 ($9.41) in a report on Thursday, October 25th. Barclays reissued an equal weight rating and set a GBX 820 ($10.71) price objective (down from GBX 875 ($11.43)) on shares of Antofagasta in a report on Thursday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Antofagasta from GBX 780 ($10.19) to GBX 700 ($9.15) and set an underweight rating for the company in a report on Thursday, October 25th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Antofagasta currently has a consensus rating of Hold and an average target price of GBX 870.63 ($11.38).

Shares of Antofagasta stock opened at GBX 827.80 ($10.82) on Tuesday. Antofagasta has a one year low of GBX 11.12 ($0.15) and a one year high of GBX 1,071 ($13.99).

The business also recently disclosed a dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, September 6th were issued a dividend of $0.07 per share. This represents a yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 6th.

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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Analyst Recommendations for Antofagasta (LON:ANTO)

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