Antofagasta plc (LON:ANTO) has earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 922.41 ($12.02).
A number of analysts have commented on the company. HSBC upgraded Antofagasta to a “hold” rating and upped their price target for the stock from GBX 750 ($9.77) to GBX 760 ($9.90) in a research report on Thursday, September 13th. JPMorgan Chase & Co. upped their price target on Antofagasta from GBX 750 ($9.77) to GBX 780 ($10.16) and gave the stock an “underweight” rating in a research report on Monday, September 10th. Morgan Stanley upgraded Antofagasta to an “equal weight” rating and set a GBX 800 ($10.42) price target for the company in a research report on Wednesday, September 5th. Royal Bank of Canada raised Antofagasta to an “outperform” rating and dropped their price objective for the stock from GBX 980 ($12.77) to GBX 950 ($12.37) in a research note on Friday, August 24th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Antofagasta in a research note on Thursday, August 23rd.
ANTO traded down GBX 7 ($0.09) during midday trading on Friday, reaching GBX 855 ($11.14). The company had a trading volume of 3,143,951 shares, compared to its average volume of 3,470,000. Antofagasta has a 1 year low of GBX 11.12 ($0.14) and a 1 year high of GBX 1,071 ($13.95).
The business also recently disclosed a dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 6th will be paid a $0.07 dividend. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, September 6th.
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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