Antofagasta plc (LON:ANTO) Given Average Recommendation of “Hold” by Brokerages

Antofagasta plc (LON:ANTO) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,948.57 ($26.09).

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Antofagasta from GBX 1,730 ($23.17) to GBX 1,720 ($23.03) and set an “underweight” rating for the company in a report on Wednesday, September 11th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 2,065 ($27.65) price objective on shares of Antofagasta in a report on Wednesday, July 17th. Bank of America reiterated a “buy” rating and set a GBX 2,520 ($33.74) target price on shares of Antofagasta in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Antofagasta from GBX 2,100 ($28.12) to GBX 2,000 ($26.78) and set a “hold” rating on the stock in a research report on Monday, September 9th.

Antofagasta Stock Up 0.5 %

Shares of LON:ANTO opened at GBX 2,041 ($27.33) on Friday. The stock has a fifty day simple moving average of GBX 1,849.25 and a two-hundred day simple moving average of GBX 2,043.22. The stock has a market capitalization of £20.12 billion, a price-to-earnings ratio of 3,518.97, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 12-month low of GBX 1,280 ($17.14) and a 12-month high of GBX 2,425 ($32.47). The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84.

Antofagasta Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be issued a $0.08 dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, September 5th. Antofagasta’s dividend payout ratio (DPR) is presently 4,482.76%.

Antofagasta Company Profile

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.