Antofagasta (LON:ANTO) had its price target upped by investment analysts at Barclays from GBX 920 ($12.30) to GBX 995 ($13.30) in a report released on Monday. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays’ price objective suggests a potential upside of 0.97% from the stock’s previous close.
A number of other equities analysts have also weighed in on ANTO. Deutsche Bank reiterated a “sell” rating on shares of Antofagasta in a research report on Friday, September 15th. Macquarie reiterated a “neutral” rating and issued a GBX 930 ($12.43) price objective on shares of Antofagasta in a research report on Thursday, September 14th. Peel Hunt lifted their price objective on shares of Antofagasta from GBX 875 ($11.70) to GBX 1,000 ($13.37) and gave the company a “hold” rating in a research report on Friday, September 22nd. Investec upgraded shares of Antofagasta to a “buy” rating and lifted their price objective for the company from GBX 957 ($12.80) to GBX 1,046 ($13.99) in a research report on Friday, September 29th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 420 ($5.62) price objective on shares of Antofagasta in a research report on Wednesday, October 25th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 817 ($10.92).
Antofagasta (LON:ANTO) opened at GBX 985.40 ($13.18) on Monday. Antofagasta has a 1 year low of GBX 11.12 ($0.15) and a 1 year high of GBX 1,071 ($14.32). The firm has a market cap of $9,670.00 and a price-to-earnings ratio of 4,105.83.
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Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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