Deutsche Bank Raises Antofagasta (LON:ANTO) Price Target to GBX 930

Antofagasta (LON:ANTO) had its price target hoisted by Deutsche Bank from GBX 880 ($11.50) to GBX 930 ($12.15) in a report published on Wednesday, April 10th, ThisIsMoney.Co.Uk reports. The brokerage currently has a hold rating on the mining company’s stock.

Other equities analysts have also recently issued research reports about the company. Citigroup reaffirmed a buy rating and issued a GBX 1,100 ($14.37) price target (up previously from GBX 980 ($12.81)) on shares of Antofagasta in a report on Monday, March 25th. Barclays cut Antofagasta to an underweight rating and reduced their target price for the company from GBX 800 ($10.45) to GBX 750 ($9.80) in a report on Tuesday, March 26th. HSBC cut Antofagasta to a reduce rating and increased their target price for the company from GBX 720 ($9.41) to GBX 790 ($10.32) in a report on Thursday, March 21st. JPMorgan Chase & Co. reduced their target price on Antofagasta from GBX 840 ($10.98) to GBX 820 ($10.71) and set an underweight rating for the company in a report on Thursday, January 24th. Finally, UBS Group reissued a neutral rating on shares of Antofagasta in a report on Thursday, January 24th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Antofagasta presently has an average rating of Hold and an average price target of GBX 901.92 ($11.79).

LON ANTO traded up GBX 8.20 ($0.11) during trading hours on Wednesday, reaching GBX 878.80 ($11.48). The company’s stock had a trading volume of 2,091,867 shares, compared to its average volume of 3,470,000. The stock has a market capitalization of $8.66 billion and a price-to-earnings ratio of 15.95. Antofagasta has a 1-year low of GBX 713.20 ($9.32) and a 1-year high of GBX 1,171.50 ($15.31). The company has a current ratio of 2.63, a quick ratio of 2.19 and a debt-to-equity ratio of 26.42.

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 represents a dividend yield of 2.88%. The ex-dividend date is Thursday, April 25th. This is a boost from Antofagasta’s previous dividend of $0.07. Antofagasta’s dividend payout ratio (DPR) is currently 0.60%.

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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