Antofagasta plc (LON:ANTO) Receives GBX 2,185 Average PT from Analysts

Antofagasta plc (LON:ANTO) has been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,185 ($28.28).

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Antofagasta from GBX 2,800 ($36.24) to GBX 2,500 ($32.36) and set a “buy” rating for the company in a report on Thursday, December 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,125 ($27.50) target price on shares of Antofagasta in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,400 ($31.06) target price on shares of Antofagasta in a research report on Friday.

Antofagasta Price Performance

Antofagasta stock opened at GBX 1,729.50 ($22.39) on Friday. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The company has a fifty day simple moving average of GBX 1,794.07 and a 200-day simple moving average of GBX 1,764.78. The stock has a market cap of £21.31 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 12-month low of GBX 1,567.50 ($20.29) and a 12-month high of GBX 2,425 ($31.39).

Antofagasta Increases Dividend

The firm 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. The ex-dividend date is Thursday, April 17th. This represents a yield of 0.93%. This is an increase from Antofagasta’s previous dividend of $0.08. Antofagasta’s dividend payout ratio (DPR) is 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.