Antofagasta plc (LON:ANTO) Plans $0.08 Dividend

Antofagasta plc (LON:ANTO) announced a dividend on Tuesday, August 20th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 5th will be given a dividend of $0.08 per share by the mining company on Monday, September 30th. This represents a dividend yield of 0.32%. The ex-dividend date is Thursday, September 5th. The official announcement can be accessed at this link.

Antofagasta Stock Down 2.3 %

Shares of LON:ANTO opened at GBX 1,800 ($23.67) on Tuesday. Antofagasta has a 12-month low of GBX 1,280 ($16.83) and a 12-month high of GBX 2,425 ($31.89). The stock has a market capitalization of £17.75 billion, a price-to-earnings ratio of 3,057.63, a PEG ratio of -1.08 and a beta of 1.03. The stock has a fifty day simple moving average of GBX 1,969.60 and a two-hundred day simple moving average of GBX 2,045.08. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays dropped their price target on shares of Antofagasta from GBX 1,725 ($22.68) to GBX 1,685 ($22.16) and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Bank of America reissued a “buy” rating and set a GBX 2,520 ($33.14) price target on shares of Antofagasta in a research report on Wednesday, June 26th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 2,065 ($27.15) price objective on shares of Antofagasta in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on Antofagasta from GBX 1,700 ($22.35) to GBX 1,850 ($24.33) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and a consensus price target of GBX 1,833.75 ($24.11).

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.