Antofagasta plc (LON:ANTO) had its price objective lifted by research analysts at Barclays PLC from GBX 410 ($5.35) to GBX 460 ($6.00) in a research report issued on Wednesday. The firm currently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price target would suggest a potential downside of 11.11% from the company’s current price.
A number of other equities research analysts have also recently commented on ANTO. Macquarie reiterated an “underperform” rating and issued a GBX 400 ($5.22) target price on shares of Antofagasta plc in a research report on Tuesday. Haitong Bank cut shares of Antofagasta plc to a “neutral” rating and reduced their target price for the company from GBX 484 ($6.32) to GBX 470 ($6.13) in a research report on Monday. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 575 ($7.51) target price on shares of Antofagasta plc in a research report on Monday, September 5th. Liberum Capital reiterated a “sell” rating and issued a GBX 510 ($6.66) target price on shares of Antofagasta plc in a research report on Thursday, August 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 620 ($8.09) target price on shares of Antofagasta plc in a research report on Thursday, August 25th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 483.82 ($6.32).
Antofagasta plc (LON:ANTO) opened at 510.00 on Wednesday. The stock’s market capitalization is GBX 5.03 billion. The company’s 50 day moving average is GBX 516.64 and its 200-day moving average is GBX 476.08. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 610.50.
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.
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