JPMorgan Chase & Co. reissued their underweight rating on shares of Antofagasta (LON:ANTO – Free Report) in a research note issued to investors on Tuesday, MarketBeat.com reports.
A number of other research firms have also recently issued reports on ANTO. Citigroup reiterated a buy rating and issued a GBX 2,100 ($26.58) target price on shares of Antofagasta in a research note on Wednesday, January 31st. Canaccord Genuity Group reaffirmed a buy rating and set a GBX 1,925 ($24.36) price target on shares of Antofagasta in a report on Tuesday, February 20th. Barclays reissued an equal weight rating and issued a GBX 1,270 ($16.07) price objective on shares of Antofagasta in a research note on Monday, December 18th. Finally, Jefferies Financial Group restated a hold rating and issued a GBX 1,550 ($19.62) target price on shares of Antofagasta in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 1,619.38 ($20.50).
Check Out Our Latest Stock Analysis on Antofagasta
Antofagasta Trading Up 2.2 %
Antofagasta Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a dividend of $0.24 per share. This is a boost from Antofagasta’s previous dividend of $0.12. This represents a yield of 1.09%. The ex-dividend date is Thursday, April 18th. Antofagasta’s payout ratio is currently 4,328.36%.
Antofagasta Company Profile
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.
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