Antofagasta (ANTO) Trading Up 0% Following Analyst Upgrade
Antofagasta plc (LON:ANTO) was up 0% during trading on Wednesday after Peel Hunt raised their price target on the stock from GBX 1,010 to GBX 1,050. Peel Hunt currently has a hold rating on the stock. Antofagasta traded as high as GBX 1,016.50 ($13.78) and last traded at GBX 1,014.50 ($13.76). Approximately 2,218,880 shares changed hands during trading, a decline of 4% from the average daily volume of 2,310,000 shares. The stock had previously closed at GBX 1,014.50 ($13.76).
Several other equities research analysts also recently commented on ANTO. Deutsche Bank reaffirmed a “sell” rating on shares of Antofagasta in a report on Friday, September 15th. Macquarie reissued a “neutral” rating and issued a GBX 930 ($12.61) price target on shares of Antofagasta in a report on Thursday, September 14th. Investec raised shares of Antofagasta to a “buy” rating and increased their price target for the stock from GBX 957 ($12.98) to GBX 1,046 ($14.18) in a report on Friday, September 29th. Barclays increased their price target on shares of Antofagasta from GBX 790 ($10.71) to GBX 965 ($13.09) and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 420 ($5.70) price target on shares of Antofagasta in a report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 819.22 ($11.11).
The stock has a market capitalization of $10,030.00 and a P/E ratio of 4,227.08.
Antofagasta 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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