Berenberg Bank Increases Antofagasta plc (ANTO) Price Target to GBX 760

Antofagasta plc (LON:ANTO) had its price objective upped by Berenberg Bank from GBX 690 ($8.91) to GBX 760 ($9.82) in a report issued on Friday morning, Marketbeat Ratings reports. Berenberg Bank currently has a sell rating on the mining company’s stock.

ANTO has been the subject of a number of other research reports. HSBC Holdings plc cut their price objective on shares of Antofagasta plc from GBX 730 ($9.43) to GBX 720 ($9.30) and set a reduce rating for the company in a research report on Friday, July 14th. Citigroup Inc. reaffirmed a buy rating and set a GBX 1,100 ($14.21) price objective on shares of Antofagasta plc in a research report on Thursday, August 24th. Deutsche Bank AG lowered shares of Antofagasta plc to a sell rating and cut their price objective for the company from GBX 800 ($10.33) to GBX 700 ($9.04) in a research report on Friday, May 19th. J P Morgan Chase & Co upped their price objective on shares of Antofagasta plc from GBX 680 ($8.78) to GBX 740 ($9.56) and gave the company an underweight rating in a research report on Monday, June 5th. Finally, Jefferies Group LLC raised shares of Antofagasta plc to a buy rating in a research report on Thursday, August 31st. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Antofagasta plc presently has a consensus rating of Hold and a consensus price target of GBX 755.28 ($9.75).

Antofagasta plc (ANTO) opened at 1026.00 on Friday. The firm’s market capitalization is GBX 10.11 billion. The company has a 50-day moving average price of GBX 975.71 and a 200-day moving average price of GBX 854.90. Antofagasta plc has a 1-year low of GBX 473.00 and a 1-year high of GBX 1,071.00.

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The business also recently disclosed a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be given a dividend of $0.10 per share. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, September 7th.

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.

Analyst Recommendations for Antofagasta plc (LON:ANTO)

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