Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,185

Shares of Antofagasta plc (LON:ANTO - Get Free Report) have earned an average recommendation of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,185 ($28.29).

Several equities analysts recently issued reports on the company. Citigroup decreased their price target on Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a "buy" rating on the stock in a report on Thursday, December 12th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 2,125 ($27.51) target price on shares of Antofagasta in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 2,400 ($31.07) price target on shares of Antofagasta in a research note on Thursday, March 6th.

Antofagasta Trading Down 2.1 %

ANTO traded down GBX 41 ($0.53) during mid-day trading on Friday, reaching GBX 1,885 ($24.40). The stock had a trading volume of 239,640,313 shares, compared to its average volume of 8,830,809. The firm's fifty day simple moving average is GBX 1,790.16 and its two-hundred day simple moving average is GBX 1,766.40. The stock has a market capitalization of £23.22 billion, a P/E ratio of 30.39, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,567.50 ($20.29) and a 52 week high of GBX 2,425 ($31.40). The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

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Antofagasta Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Thursday, April 17th will be given a dividend of $0.24 per share. This represents a yield of 0.93%. This is a positive change from Antofagasta's previous dividend of $0.08. The ex-dividend date is Thursday, April 17th. Antofagasta's dividend payout ratio (DPR) is currently 41.91%.

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.