Antofagasta (LON:ANTO) PT Lowered to GBX 810 at JPMorgan Chase & Co.

Antofagasta (LON:ANTO) had its price objective decreased by JPMorgan Chase & Co. from GBX 830 ($10.85) to GBX 810 ($10.58) in a research note released on Thursday, Digital Look reports. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.

A number of other research analysts also recently weighed in on the stock. Barclays restated an underweight rating on shares of Antofagasta in a report on Thursday, July 25th. Peel Hunt restated a hold rating and set a GBX 950 ($12.41) price target on shares of Antofagasta in a report on Thursday, August 22nd. Deutsche Bank restated a sell rating and set a GBX 820 ($10.71) price target on shares of Antofagasta in a report on Tuesday, September 10th. Peel Hunt restated a hold rating and set a GBX 950 ($12.41) price target on shares of Antofagasta in a report on Monday, August 19th. Finally, UBS Group restated a neutral rating on shares of Antofagasta in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 883.08 ($11.54).

Antofagasta stock opened at GBX 948.80 ($12.40) on Thursday. The company has a market capitalization of $9.35 billion and a P/E ratio of 14.35. The firm’s fifty day simple moving average is GBX 862.21 and its 200-day simple moving average is GBX 894.99. The company has a current ratio of 2.31, a quick ratio of 1.90 and a debt-to-equity ratio of 29.27. Antofagasta has a 1-year low of GBX 713.20 ($9.32) and a 1-year high of GBX 1,026 ($13.41).



The company also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.08%. Antofagasta’s payout ratio is presently 0.56%.

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 Transport 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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