Credit Suisse Group Raises Antofagasta (ANTO) Price Target to GBX 800
Antofagasta (LON:ANTO) had its price objective lifted by investment analysts at Credit Suisse Group from GBX 780 ($10.78) to GBX 800 ($11.05) in a note issued to investors on Thursday. The firm presently has an “underperform” rating on the mining company’s stock. Credit Suisse Group’s price objective indicates a potential downside of 16.70% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Goldman Sachs Group raised shares of Antofagasta to a “neutral” rating and lifted their price target for the company from GBX 750 ($10.36) to GBX 950 ($13.13) in a report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 750 ($10.36) price target on shares of Antofagasta in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a report on Wednesday. Peel Hunt reaffirmed a “hold” rating and set a GBX 950 ($13.13) price target on shares of Antofagasta in a report on Tuesday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 865 ($11.95) price target on shares of Antofagasta in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 892.21 ($12.33).
Shares of Antofagasta (LON:ANTO) opened at GBX 960.40 ($13.27) on Thursday. The stock has a market cap of $9,470.00 and a P/E ratio of 1,746.18. Antofagasta has a 1-year low of GBX 11.12 ($0.15) and a 1-year high of GBX 1,071 ($14.80).
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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