Antofagasta plc (ANTO) Price Target Increased to GBX 460 by Analysts at Barclays PLC
Antofagasta plc (LON:ANTO) had its price objective boosted by Barclays PLC from GBX 410 ($5.35) to GBX 460 ($6.00) in a research report sent to investors on Wednesday morning. The brokerage currently has an equal weight rating on the mining company’s stock.
A number of other research analysts have also weighed in on ANTO. Canaccord Genuity reaffirmed a hold rating and set a GBX 475 ($6.20) target price on shares of Antofagasta plc in a report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 360 ($4.70) target price on shares of Antofagasta plc in a report on Thursday, June 30th. JPMorgan Chase & Co. reduced their target price on Antofagasta plc from GBX 400 ($5.22) to GBX 380 ($4.96) and set a neutral rating for the company in a report on Thursday, July 28th. Investec lifted their target price on Antofagasta plc from GBX 408 ($5.33) to GBX 446 ($5.82) and gave the company a sell rating in a report on Tuesday, July 19th. Finally, Morgan Stanley lifted their target price on Antofagasta plc from GBX 390 ($5.09) to GBX 400 ($5.22) and gave the company an underweight rating in a report on Monday, August 1st. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The company 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 517.00 on Wednesday. Antofagasta plc has a 52-week low of GBX 340.60 and a 52-week high of GBX 610.50. The firm’s market cap is GBX 5.10 billion. The firm’s 50-day moving average is GBX 516.07 and its 200-day moving average is GBX 475.79.
Antofagasta plc Company Profile
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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