Brokerages Set Antofagasta plc (LON:ANTO) Target Price at GBX 1,948.57

Shares of Antofagasta plc (LON:ANTO) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 1,948.57 ($25.27).

ANTO has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 2,065 ($26.78) target price on shares of Antofagasta in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on Antofagasta from GBX 1,730 ($22.44) to GBX 1,720 ($22.31) and set an “underweight” rating for the company in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Antofagasta from GBX 2,100 ($27.23) to GBX 2,000 ($25.94) and set a “hold” rating on the stock in a research note on Monday, September 9th.

Antofagasta Stock Down 1.3 %

LON ANTO opened at GBX 1,753 ($22.73) on Thursday. The business’s fifty day simple moving average is GBX 1,842.46 and its 200-day simple moving average is GBX 2,021.04. Antofagasta has a 52 week low of GBX 1,280 ($16.60) and a 52 week high of GBX 2,425 ($31.45). The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The firm has a market cap of £17.28 billion, a PE ratio of 3,010.17, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were given a dividend of $0.08 per share. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, September 5th. Antofagasta’s dividend payout ratio is presently 4,406.78%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.