Antofagasta plc (ANTO) Given New GBX 1,000 Price Target at Citigroup Inc
Antofagasta plc (LON:ANTO) had its target price reduced by Citigroup Inc from GBX 1,030 ($12.72) to GBX 1,000 ($12.35) in a report released on Friday morning. They currently have a buy rating on the mining company’s stock.
Other analysts have also recently issued research reports about the stock. Barclays PLC reissued an equal weight rating and set a GBX 510 ($6.30) price target on shares of Antofagasta plc in a research report on Monday, December 12th. Deutsche Bank AG reissued a hold rating and set a GBX 610 ($7.53) price target on shares of Antofagasta plc in a research report on Tuesday, December 6th. Peel Hunt reissued a hold rating on shares of Antofagasta plc in a research report on Monday, November 28th. Jefferies Group LLC increased their price target on shares of Antofagasta plc from GBX 600 ($7.41) to GBX 700 ($8.65) and gave the stock a hold rating in a research report on Friday, January 6th. Finally, Canaccord Genuity increased their price target on shares of Antofagasta plc from GBX 650 ($8.03) to GBX 750 ($9.26) and gave the stock a hold rating in a research report on Tuesday, January 10th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 679.53 ($8.39).
Shares of Antofagasta plc (LON:ANTO) traded down 0.35% on Friday, hitting GBX 849.50. 2,427,387 shares of the stock were exchanged. The stock’s market cap is GBX 8.37 billion. Antofagasta plc has a 52-week low of GBX 394.50 and a 52-week high of GBX 905.41. The company’s 50 day moving average is GBX 825.57 and its 200-day moving average is GBX 672.13.
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The business also recently disclosed a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 0.15 ($0.00) per share. The ex-dividend date is Thursday, April 27th. This represents a yield of 1.6%. This is a boost from Antofagasta plc’s previous dividend of $0.10.
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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