Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,244.29

Shares of Antofagasta plc (LON:ANTO) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 2,244.29 ($29.77).

Several research analysts have commented on the stock. Berenberg Bank restated a “buy” rating and set a GBX 2,100 ($27.86) price objective on shares of Antofagasta in a research report on Wednesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,125 ($28.19) price target on shares of Antofagasta in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,400 ($31.84) price objective on shares of Antofagasta in a research report on Friday, March 28th.

Antofagasta Stock Performance

LON:ANTO opened at GBX 1,874.50 ($24.87) on Monday. The company has a market cap of £23.09 billion, a price-to-earnings ratio of 30.22, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a fifty-two week low of GBX 1,278 ($16.95) and a fifty-two week high of GBX 2,425 ($32.17). 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 stock has a fifty day moving average price of GBX 1,677.52 and a 200-day moving average price of GBX 1,708.26.

Antofagasta Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 12th. Investors of record on Thursday, April 17th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, April 17th. This represents a yield of 0.93%. This is a positive change from Antofagasta’s previous dividend of $0.08. Antofagasta’s payout ratio is currently 41.91%.

Antofagasta Company Profile

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.