Antofagasta (LON:ANTO) Sets New 1-Year Low – Here’s What Happened

Antofagasta plc (LON:ANTO) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,556.50 ($20.08) and last traded at GBX 1,577.50 ($20.35), with a volume of 7400072 shares trading hands. The stock had previously closed at GBX 1,682.50 ($21.70).

Analysts Set New Price Targets

A number of analysts have recently commented on ANTO shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,400 ($30.96) price target on shares of Antofagasta in a research note on Friday, March 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,125 ($27.41) target price on shares of Antofagasta in a research report on Monday, March 3rd. Finally, Citigroup lowered their price target on Antofagasta from GBX 2,800 ($36.12) to GBX 2,500 ($32.25) and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,185 ($28.19).

Antofagasta Price Performance

The firm has a 50 day moving average price of GBX 1,779.33 and a 200 day moving average price of GBX 1,759.51. The stock has a market capitalization of £17.45 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33.

Antofagasta Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be given a $0.24 dividend. This is a boost from Antofagasta’s previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 0.93%. Antofagasta’s dividend payout ratio is presently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.