Antofagasta (ANTO) Price Target Lowered to GBX 700 at JPMorgan Chase & Co.

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).



The business also recently declared a dividend, which was paid on Friday, October 5th. Stockholders of record on Thursday, September 6th were issued a dividend of $0.07 per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 6th.

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.

Further Reading: Should You Consider an Index Fund?

Analyst Recommendations for Antofagasta (LON:ANTO)

Receive News & Ratings for Antofagasta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply