Antofagasta (LON:ANTO) Given “Neutral” Rating at UBS Group

UBS Group reiterated their neutral rating on shares of Antofagasta (LON:ANTO) in a research report released on Thursday, March 28th, ThisIsMoney.Co.Uk reports. They currently have a GBX 925 ($12.09) price target on the mining company’s stock, up from their previous price target of GBX 800 ($10.45).

Other analysts have also issued research reports about the stock. Citigroup restated a buy rating and set a GBX 1,100 ($14.37) price target (up previously from GBX 980 ($12.81)) on shares of Antofagasta in a research note on Monday, March 25th. Barclays lowered shares of Antofagasta to an underweight rating and decreased their price target for the company from GBX 800 ($10.45) to GBX 750 ($9.80) in a research note on Tuesday, March 26th. HSBC lowered shares of Antofagasta to a reduce rating and boosted their price target for the company from GBX 720 ($9.41) to GBX 790 ($10.32) in a research note on Thursday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of Antofagasta from GBX 840 ($10.98) to GBX 820 ($10.71) and set an underweight rating for the company in a research note on Thursday, January 24th. Finally, Morgan Stanley restated an equal weight rating on shares of Antofagasta in a research note on Wednesday, February 13th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Antofagasta presently has a consensus rating of Hold and a consensus price target of GBX 901.07 ($11.77).

Shares of LON:ANTO traded down GBX 9 ($0.12) during mid-day trading on Thursday, hitting GBX 1,009 ($13.18). The company had a trading volume of 1,141,621 shares, compared to its average volume of 3,470,000. The firm has a market capitalization of $9.95 billion and a P/E ratio of 18.31. The company has a quick ratio of 2.19, a current ratio of 2.63 and a debt-to-equity ratio of 26.42. Antofagasta has a one year low of GBX 713.20 ($9.32) and a one year high of GBX 1,171.50 ($15.31).

The business also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be issued a $0.37 dividend. This is an increase from Antofagasta’s previous dividend of $0.07. This represents a dividend yield of 2.88%. The ex-dividend date is Thursday, April 25th. Antofagasta’s payout ratio is 0.60%.

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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Analyst Recommendations for Antofagasta (LON:ANTO)

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