Antofagasta (LON:ANTO) Reaches New 12-Month Low - Here's What Happened

Antofagasta plc (LON:ANTO - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,556.50 ($19.81) and last traded at GBX 1,577.50 ($20.08), with a volume of 7400072 shares. The stock had previously closed at GBX 1,682.50 ($21.42).

Wall Street Analyst Weigh In

ANTO has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 2,400 ($30.55) price target on shares of Antofagasta in a research report on Friday, March 28th. Citigroup dropped their target price on Antofagasta from GBX 2,800 ($35.64) to GBX 2,500 ($31.82) and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,125 ($27.05) target price on shares of Antofagasta in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 2,185 ($27.81).

Antofagasta Stock Up 0.5 %

The firm has a market cap of £17.12 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The stock's 50 day moving average is GBX 1,773.06 and its 200 day moving average is GBX 1,757.72. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

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Antofagasta Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, April 17th will be issued a $0.24 dividend. This is a positive change from Antofagasta's previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 0.93%. Antofagasta's dividend payout ratio is 41.91%.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.