Antofagasta plc (LON:ANTO) Increases Dividend to $0.24 Per Share

Antofagasta plc (LON:ANTO - Get Free Report) announced a dividend on Tuesday, February 18th, DividendData.Co.Uk reports. Investors of record on Thursday, April 17th will be paid a dividend of $0.24 per share by the mining company on Monday, May 12th. This represents a yield of 0.93%. The ex-dividend date is Thursday, April 17th. This is a 197.5% increase from Antofagasta's previous dividend of $0.08. The official announcement can be viewed at this link.

Antofagasta Price Performance

LON:ANTO traded down GBX 15.50 ($0.21) during trading hours on Friday, reaching GBX 1,538.50 ($20.46). 664,870 shares of the company traded hands, compared to its average volume of 4,166,213. The stock has a market cap of £18.96 billion, a P/E ratio of 24.80, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. Antofagasta has a 1-year low of GBX 1,278 ($16.99) and a 1-year high of GBX 2,425 ($32.24). The firm's 50-day moving average is GBX 1,714.15 and its 200-day moving average is GBX 1,736.49.

Analyst Ratings Changes

ANTO has been the topic of several analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 2,400 ($31.91) price objective on shares of Antofagasta in a report on Friday, March 28th. Berenberg Bank restated a "buy" rating and issued a GBX 2,100 ($27.92) target price on shares of Antofagasta in a research note on Wednesday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,125 ($28.25) price target on shares of Antofagasta in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,174.38 ($28.91).

Antofagasta Company Profile

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.