Antofagasta plc (LON:ANTO) Receives GBX 2,185 Average PT from Analysts

Shares of Antofagasta plc (LON:ANTO) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,185 ($28.29).

Several research analysts have recently weighed in on ANTO shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,400 ($31.07) price objective on shares of Antofagasta in a report on Thursday, March 6th. Citigroup cut their target price on shares of Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($27.51) price target on shares of Antofagasta in a research report on Monday, March 3rd.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 1,921.50 ($24.88) on Friday. The firm has a market cap of £23.67 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The stock has a fifty day simple moving average of GBX 1,790.16 and a two-hundred day simple moving average of GBX 1,766.40. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1-year low of GBX 1,567.50 ($20.29) and a 1-year high of GBX 2,425 ($31.40).

Antofagasta Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Thursday, April 17th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, April 17th. This represents a yield of 0.93%. This is a boost from Antofagasta’s previous dividend of $0.08. Antofagasta’s payout ratio is currently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.