Antofagasta plc (LON:ANTO) Receives Consensus Rating of “Hold” from Brokerages

Antofagasta plc (LON:ANTO) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 1,948.57 ($24.56).

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Antofagasta from GBX 2,100 ($26.47) to GBX 2,000 ($25.20) and set a “hold” rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of Antofagasta from GBX 1,730 ($21.80) to GBX 1,720 ($21.68) and set an “underweight” rating for the company in a research note on Wednesday, September 11th.

Antofagasta Price Performance

ANTO stock opened at GBX 1,660 ($20.92) on Monday. The firm has a 50 day moving average of GBX 1,811.12 and a 200-day moving average of GBX 1,979.38. Antofagasta has a 12-month low of GBX 1,353 ($17.05) and a 12-month high of GBX 2,425 ($30.56). The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84. The company has a market cap of £16.37 billion, a price-to-earnings ratio of 2,813.56, a PEG ratio of -1.08 and a beta of 1.00.

Antofagasta Cuts Dividend

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