Antofagasta plc (LON:ANTO – Get Free Report) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 1,663.89 ($20.90).
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.35) price objective on shares of Antofagasta in a report on Thursday, April 18th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,550 ($19.47) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,500 ($18.84) price objective on shares of Antofagasta in a report on Thursday, April 18th. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Finally, Citigroup reissued a “buy” rating and issued a GBX 2,100 ($26.38) price target on shares of Antofagasta in a research note on Wednesday, January 31st.
Get Our Latest Stock Report on ANTO
Antofagasta Stock Performance
Antofagasta Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. This is an increase from Antofagasta’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.09%. Antofagasta’s dividend payout ratio (DPR) is currently 4,264.71%.
About Antofagasta
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.
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