Analysts Set Antofagasta plc (LON:ANTO) Price Target at GBX 1,948.57

Antofagasta plc (LON:ANTO) has received a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 1,948.57 ($26.06).

A number of brokerages have recently commented on ANTO. JPMorgan Chase & Co. dropped their target price on shares of Antofagasta from GBX 1,730 ($23.14) to GBX 1,720 ($23.01) and set an “underweight” rating on the stock in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Antofagasta from GBX 2,100 ($28.09) to GBX 2,000 ($26.75) and set a “hold” rating on the stock in a report on Monday, September 9th. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 2,065 ($27.62) target price on shares of Antofagasta in a report on Wednesday, July 17th. Finally, Bank of America restated a “buy” rating and issued a GBX 2,520 ($33.71) price target on shares of Antofagasta in a research note on Wednesday, June 26th.

Antofagasta Trading Up 1.4 %

LON ANTO opened at GBX 1,973 ($26.39) on Friday. The firm has a market capitalization of £19.45 billion, a PE ratio of 3,401.72, a P/E/G ratio of -1.08 and a beta of 1.00. The stock’s 50 day moving average is GBX 1,855.30 and its 200 day moving average is GBX 2,046.73. Antofagasta has a twelve month low of GBX 1,280 ($17.12) and a twelve month high of GBX 2,425 ($32.44). The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84.

Antofagasta Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were paid a $0.08 dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, September 5th. Antofagasta’s dividend payout ratio is currently 4,482.76%.

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.