Antofagasta plc (LON:ANTO) Receives GBX 1,948.57 Average PT from Analysts

Antofagasta plc (LON:ANTO - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,948.57 ($25.30).

A number of equities research analysts have recently issued reports on ANTO shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Antofagasta from GBX 2,100 ($27.27) to GBX 2,000 ($25.97) and set a "hold" rating on the stock in a research note on Monday, September 9th. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 2,065 ($26.81) price objective on shares of Antofagasta in a research note on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target on Antofagasta from GBX 1,730 ($22.46) to GBX 1,720 ($22.33) and set an "underweight" rating on the stock in a research note on Wednesday, September 11th. Finally, Bank of America restated a "buy" rating and issued a GBX 2,520 ($32.72) price target on shares of Antofagasta in a research note on Wednesday, June 26th.

Antofagasta Stock Down 1.0 %

LON ANTO traded down GBX 17.50 ($0.23) during trading on Thursday, hitting GBX 1,794 ($23.29). The stock had a trading volume of 575,370 shares, compared to its average volume of 2,047,357. Antofagasta has a 12 month low of GBX 1,280 ($16.62) and a 12 month high of GBX 2,425 ($31.49). The company has a market capitalization of £17.69 billion, a PE ratio of 3,040.68, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The company's 50-day moving average price is GBX 1,845.90 and its two-hundred day moving average price is GBX 2,030.15.

Antofagasta Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were given a $0.08 dividend. This represents a dividend yield of 0.32%. The ex-dividend date was Thursday, September 5th. Antofagasta's payout ratio is currently 4,406.78%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.