Antofagasta plc (LON:ANTO) Receives GBX 1,663.89 Consensus Price Target from Brokerages

Antofagasta plc (LON:ANTO) has earned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,663.89 ($20.90).

A number of equities analysts have commented on ANTO shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,550 ($19.47) target price on shares of Antofagasta in a research note on Tuesday, February 20th. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. Citigroup reaffirmed a “buy” rating and set a GBX 2,100 ($26.38) price target on shares of Antofagasta in a research report on Wednesday, January 31st. Canaccord Genuity Group cut Antofagasta to a “hold” rating and raised their price objective for the stock from GBX 1,925 ($24.18) to GBX 2,065 ($25.94) in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.36) price target on shares of Antofagasta in a research note on Thursday, April 18th.

Antofagasta Price Performance

Shares of ANTO stock opened at GBX 2,224 ($27.94) on Thursday. The stock has a 50 day moving average price of GBX 2,051.84 and a 200 day moving average price of GBX 1,729.94. Antofagasta has a 52-week low of GBX 1,280 ($16.08) and a 52-week high of GBX 2,336 ($29.35). The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The firm has a market capitalization of £21.93 billion, a P/E ratio of 3,223.53, a P/E/G ratio of -1.08 and a beta of 1.14.

Antofagasta Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be issued a $0.24 dividend. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. This is a boost from Antofagasta’s previous dividend of $0.12. Antofagasta’s payout ratio is 4,264.71%.

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.