Antofagasta plc (LON:ANTO) Receives Average Rating of “Hold” from Brokerages

Antofagasta plc (LON:ANTO) has received an average rating of “Hold” from 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 brokers that have covered the stock in the last year is GBX 2,185 ($28.21).

ANTO has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Antofagasta from GBX 2,800 ($36.15) to GBX 2,500 ($32.28) and set a “buy” rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,400 ($30.99) target price on shares of Antofagasta in a research note on Thursday, March 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,125 ($27.44) target price on shares of Antofagasta in a research note on Monday, March 3rd.

Antofagasta Stock Down 4.8 %

ANTO opened at GBX 1,817.50 ($23.47) on Friday. Antofagasta has a fifty-two week low of GBX 1,567.50 ($20.24) and a fifty-two week high of GBX 2,425 ($31.31). The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The company has a fifty day moving average of GBX 1,781.99 and a two-hundred day moving average of GBX 1,765.38. The stock has a market capitalization of £22.39 billion, a price-to-earnings ratio of 29.30, a PEG ratio of -1.08 and a beta of 1.00.

Antofagasta Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be issued a $0.24 dividend. This represents a yield of 0.93%. This is a positive change from Antofagasta’s previous dividend of $0.08. The ex-dividend date is Thursday, April 17th. Antofagasta’s payout ratio is presently 41.91%.

About Antofagasta

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.