Antofagasta (LON:ANTO) had its price target increased by HSBC from GBX 790 ($10.32) to GBX 800 ($10.45) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a reduce rating on the mining company’s stock.
Several other analysts have also recently weighed in on the stock. Barclays reissued an underweight rating on shares of Antofagasta in a research note on Friday, April 12th. Goldman Sachs Group boosted their price objective on shares of Antofagasta from GBX 675 ($8.82) to GBX 750 ($9.80) and gave the stock a sell rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Antofagasta from GBX 820 ($10.71) to GBX 940 ($12.28) and gave the stock an underweight rating in a research note on Wednesday, April 10th. Deutsche Bank boosted their price objective on shares of Antofagasta from GBX 880 ($11.50) to GBX 930 ($12.15) and gave the stock a hold rating in a research note on Wednesday, April 10th. Finally, Peel Hunt cut shares of Antofagasta to a hold rating in a research note on Monday, April 1st. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 901.07 ($11.77).
Shares of Antofagasta stock opened at GBX 1,004.50 ($13.13) on Tuesday. The company has a current ratio of 2.63, a quick ratio of 2.19 and a debt-to-equity ratio of 26.42. Antofagasta has a twelve month low of GBX 713.20 ($9.32) and a twelve month high of GBX 1,171.50 ($15.31). The firm has a market capitalization of $9.88 billion and a P/E ratio of 18.23.
The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, April 25th. This represents a yield of 2.88%. This is a boost from Antofagasta’s previous dividend of $0.07. Antofagasta’s dividend payout ratio is 0.60%.
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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