Canaccord Genuity Group lowered shares of Antofagasta (LON:ANTO – Free Report) to a hold rating in a research report report published on Friday morning, MarketBeat reports. Canaccord Genuity Group currently has GBX 2,065 ($25.51) price objective on the mining company’s stock, up from their prior price objective of GBX 1,925 ($23.78).
Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a GBX 1,500 ($18.53) price objective on shares of Antofagasta in a report on Thursday, April 18th. Jefferies Financial Group reiterated a hold rating and issued a GBX 1,550 ($19.15) target price on shares of Antofagasta in a research note on Tuesday, February 20th. Bank of America reiterated a buy rating on shares of Antofagasta in a research note on Thursday, April 11th. Citigroup reiterated a buy rating and issued a GBX 2,100 ($25.94) target price on shares of Antofagasta in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 1,700 ($21.00) price target on shares of Antofagasta in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of GBX 1,663.89 ($20.55).
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Antofagasta Stock Up 1.5 %
Antofagasta Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a $0.24 dividend. The ex-dividend date is Thursday, April 18th. This is an increase from Antofagasta’s previous dividend of $0.12. This represents a yield of 1.09%. Antofagasta’s payout ratio is presently 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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