Antofagasta plc (LON:ANTO) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,032.86 ($13.49).
Several research firms have recently commented on ANTO. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and set a GBX 1,300 ($16.98) price target on the stock. in a report on Wednesday, March 24th. Barclays lowered their price target on shares of Antofagasta from GBX 1,100 ($14.37) to GBX 1,050 ($13.72) and set an “underweight” rating on the stock in a report on Monday, February 8th. JPMorgan Chase & Co. lowered their price target on shares of Antofagasta from GBX 1,170 ($15.29) to GBX 1,080 ($14.11) and set a “neutral” rating on the stock in a report on Thursday, January 21st. Citigroup reiterated a “sell” rating on shares of Antofagasta in a report on Wednesday, February 24th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “sell” rating on shares of Antofagasta in a report on Wednesday, February 24th.
Shares of Antofagasta stock traded down GBX 12 ($0.16) on Friday, hitting GBX 1,740 ($22.73). 1,311,987 shares of the company traded hands, compared to its average volume of 1,354,447. The company has a 50-day moving average price of GBX 1,739.30 and a 200 day moving average price of GBX 1,394.45. The company has a quick ratio of 2.92, a current ratio of 3.28 and a debt-to-equity ratio of 37.25. Antofagasta has a 12-month low of GBX 727.40 ($9.50) and a 12-month high of GBX 1,909.05 ($24.94). The company has a market cap of £17.15 billion and a PE ratio of 33.85.
The company also recently declared a dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 22nd will be issued a dividend of $0.49 per share. This represents a yield of 2.04%. This is a boost from Antofagasta’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 22nd. Antofagasta’s dividend payout ratio is 0.26%.
Antofagasta Company Profile
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile and internationally. It operates through Los Pelambres, Centinela, Antucoya, ZaldÃvar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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