Royal Bank of Canada Upgrades Antofagasta (ANTO) to Outperform

Royal Bank of Canada upgraded shares of Antofagasta (LON:ANTO) to an outperform rating in a report issued on Wednesday morning.

ANTO has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Antofagasta from GBX 750 ($9.80) to GBX 780 ($10.19) and gave the company an underweight rating in a research note on Monday, September 10th. Barclays lowered their price objective on shares of Antofagasta from GBX 975 ($12.74) to GBX 875 ($11.43) and set an equal weight rating for the company in a research note on Friday, October 12th. UBS Group reiterated a sell rating on shares of Antofagasta in a research note on Thursday, October 18th. Deutsche Bank reiterated a hold rating on shares of Antofagasta in a research note on Monday, October 15th. Finally, Peel Hunt reiterated a hold rating on shares of Antofagasta in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 871.25 ($11.38).

LON:ANTO opened at GBX 745.60 ($9.74) on Wednesday. Antofagasta has a twelve month low of GBX 11.12 ($0.15) and a twelve month high of GBX 1,071 ($13.99).



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

About Antofagasta

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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Analyst Recommendations for Antofagasta (LON:ANTO)

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