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

Shares of Antofagasta plc (LON:ANTO) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,948.57 ($25.30).

Several research analysts have issued reports on ANTO shares. JPMorgan Chase & Co. lowered their price target on shares of Antofagasta from GBX 1,730 ($22.46) to GBX 1,720 ($22.33) and set an “underweight” rating for the company in a report on Wednesday, September 11th. Canaccord Genuity Group restated a “hold” rating and set a GBX 2,065 ($26.81) price target on shares of Antofagasta in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Antofagasta from GBX 2,100 ($27.27) to GBX 2,000 ($25.97) and set a “hold” rating for the company in a report on Monday, September 9th.

Antofagasta Stock Up 0.9 %

Shares of LON ANTO opened at GBX 1,811 ($23.51) on Thursday. The company has a 50 day simple moving average of GBX 1,845.29 and a 200 day simple moving average of GBX 2,028.62. The firm has a market cap of £17.85 billion, a PE ratio of 3,069.49, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 1 year low of GBX 1,280 ($16.62) and a 1 year high of GBX 2,425 ($31.49). The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78.

Antofagasta Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were given a $0.08 dividend. This represents a yield of 0.32%. The ex-dividend date was Thursday, September 5th. Antofagasta’s payout ratio is currently 4,406.78%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.