Antofagasta (LON:ANTO) had its price target lowered by JPMorgan Chase & Co. from GBX 780 ($10.19) to GBX 700 ($9.15) in a report issued on Thursday. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.
Several other brokerages also recently commented on ANTO. Peel Hunt reissued a hold rating on shares of Antofagasta in a research report on Wednesday, August 1st. Morgan Stanley increased their price objective on shares of Antofagasta from GBX 620 ($8.10) to GBX 800 ($10.45) and gave the company an underweight rating in a research report on Friday, June 29th. Barclays increased their price objective on shares of Antofagasta from GBX 935 ($12.22) to GBX 975 ($12.74) and gave the company an equal weight rating in a research report on Wednesday, July 18th. Royal Bank of Canada increased their price objective on shares of Antofagasta from GBX 900 ($11.76) to GBX 980 ($12.81) and gave the company a sector performer rating in a research report on Tuesday, August 14th. Finally, UBS Group reissued a sell rating and set a GBX 800 ($10.45) price objective on shares of Antofagasta in a research report on Wednesday, August 15th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 874.12 ($11.42).
Shares of Antofagasta stock traded down GBX 0.20 ($0.00) during trading on Thursday, hitting GBX 745.60 ($9.74). The company’s stock had a trading volume of 2,355,781 shares, compared to its average volume of 3,470,000. Antofagasta has a 52 week low of GBX 11.12 ($0.15) and a 52 week high of GBX 1,071 ($13.99).
Antofagasta Company Profile
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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