Antofagasta plc (LON:ANTO) Receives Consensus Recommendation of “Hold” from Brokerages

Antofagasta plc (LON:ANTO) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two research 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 12 month price target among analysts that have covered the stock in the last year is GBX 1,948.57 ($24.56).

Several equities research analysts have recently weighed in on ANTO shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Antofagasta from GBX 2,100 ($26.47) to GBX 2,000 ($25.20) and set a “hold” rating for the company in a research report on Monday, September 9th. JPMorgan Chase & Co. dropped their target price on shares of Antofagasta from GBX 1,730 ($21.80) to GBX 1,720 ($21.68) and set an “underweight” rating for the company in a research report on Wednesday, September 11th.

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 1,660 ($20.92) on Monday. Antofagasta has a 12 month low of GBX 1,353 ($17.05) and a 12 month high of GBX 2,425 ($30.56). The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78. The firm has a market capitalization of £16.37 billion, a P/E ratio of 2,813.56, a P/E/G ratio of -1.08 and a beta of 1.00. The company’s fifty day moving average price is GBX 1,811.12 and its two-hundred day moving average price is GBX 1,979.38.

Antofagasta Cuts Dividend

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