Antofagasta plc (LON:ANTO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Antofagasta plc (LON:ANTO) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,185 ($28.21).

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of Antofagasta from GBX 2,800 ($36.15) to GBX 2,500 ($32.28) and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,400 ($30.99) price objective on shares of Antofagasta in a report on Thursday, March 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,125 ($27.44) price objective on shares of Antofagasta in a report on Monday, March 3rd.

Antofagasta Stock Performance

Shares of LON:ANTO opened at GBX 1,817.50 ($23.47) on Friday. The firm has a market cap of £22.39 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The firm’s 50 day simple moving average is GBX 1,781.99 and its 200-day simple moving average is GBX 1,765.38. Antofagasta has a one year low of GBX 1,567.50 ($20.24) and a one year high of GBX 2,425 ($31.31). The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

Antofagasta Increases Dividend

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

About Antofagasta

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.