Antofagasta plc (ANTO) Cut to “Neutral” at Haitong Bank
Haitong Bank cut shares of Antofagasta plc (LON:ANTO) to a neutral rating in a report published on Monday. The firm currently has GBX 470 ($6.13) price target on the mining company’s stock, down from their previous price target of GBX 484 ($6.32).
Other research analysts have also issued research reports about the company. SP Angel restated a hold rating on shares of Antofagasta plc in a research report on Wednesday, July 27th. Deutsche Bank AG restated a hold rating on shares of Antofagasta plc in a research report on Wednesday, July 13th. Canaccord Genuity boosted their target price on Antofagasta plc from GBX 475 ($6.20) to GBX 505 ($6.59) and gave the company a hold rating in a research report on Thursday, August 4th. Berenberg Bank boosted their target price on Antofagasta plc from GBX 365 ($4.76) to GBX 370 ($4.83) and gave the company a sell rating in a research report on Friday, July 8th. Finally, Peel Hunt restated a hold rating and set a GBX 515 ($6.72) target price on shares of Antofagasta plc in a research report on Monday, August 15th. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 483.82 ($6.32).
Shares of Antofagasta plc (LON:ANTO) opened at 513.00 on Monday. The company has a 50 day moving average price of GBX 516.07 and a 200 day moving average price of GBX 475.79. The stock’s market cap is GBX 5.06 billion. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 610.50.
About Antofagasta plc
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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