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

Shares of Antofagasta plc (LON:ANTO) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,948.57 ($25.30).

ANTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Antofagasta from GBX 2,100 ($27.27) to GBX 2,000 ($25.97) and set a “hold” rating for the company in a report on Monday, September 9th. Bank of America restated a “buy” rating and set a GBX 2,520 ($32.72) target price on shares of Antofagasta in a report on Wednesday, June 26th. JPMorgan Chase & Co. reduced their target price on shares of Antofagasta from GBX 1,730 ($22.46) to GBX 1,720 ($22.33) and set an “underweight” rating for the company in a report on Wednesday, September 11th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 2,065 ($26.81) target price on shares of Antofagasta in a report on Wednesday, July 17th.

Antofagasta Stock Up 0.5 %

Antofagasta stock opened at GBX 1,820 ($23.63) on Thursday. The stock has a market capitalization of £17.94 billion, a PE ratio of 3,070.34, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a twelve month low of GBX 1,280 ($16.62) and a twelve month high of GBX 2,425 ($31.49). 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 company has a 50 day moving average of GBX 1,846.79 and a 200-day moving average of GBX 2,032.96.

Antofagasta Cuts Dividend

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

Antofagasta Company Profile

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.