Antofagasta plc (LON:ANTO) Receives Average Rating of “Hold” from Analysts

Antofagasta plc (LON:ANTO) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 2,185 ($28.28).

ANTO has been the topic of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,400 ($31.06) price objective on shares of Antofagasta in a research report on Friday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,125 ($27.50) target price on shares of Antofagasta in a report on Monday, March 3rd. Finally, Citigroup cut their price objective on shares of Antofagasta from GBX 2,800 ($36.24) to GBX 2,500 ($32.36) and set a “buy” rating for the company in a research report on Thursday, December 12th.

Antofagasta Trading Down 2.7 %

Shares of Antofagasta stock opened at GBX 1,729.50 ($22.39) on Friday. The business has a 50 day moving average price of GBX 1,794.07 and a 200 day moving average price of GBX 1,764.78. The company has a market capitalization of £21.31 billion, a P/E ratio of 27.88, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. Antofagasta has a 1 year low of GBX 1,567.50 ($20.29) and a 1 year high of GBX 2,425 ($31.39).

Antofagasta Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Thursday, April 17th will be given a $0.24 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from Antofagasta’s previous dividend of $0.08. This represents a dividend yield of 0.93%. Antofagasta’s dividend payout ratio (DPR) is currently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.