Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 1,833.75

Shares of Antofagasta plc (LON:ANTO) have received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 1,833.75 ($24.11).

Several analysts have recently commented on ANTO shares. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 2,065 ($27.15) price target on shares of Antofagasta in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price target on Antofagasta from GBX 1,700 ($22.35) to GBX 1,850 ($24.33) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. Finally, Bank of America reissued a “buy” rating and issued a GBX 2,520 ($33.14) price objective on shares of Antofagasta in a research report on Wednesday, June 26th.

Antofagasta Trading Down 3.8 %

LON:ANTO opened at GBX 1,638.50 ($21.55) on Wednesday. The stock has a market cap of £16.15 billion, a P/E ratio of 2,777.12, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 1 year low of GBX 1,280 ($16.83) and a 1 year high of GBX 2,425 ($31.89). The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The stock has a 50-day simple moving average of GBX 1,937.23 and a 200-day simple moving average of GBX 2,039.34.

Antofagasta Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.08 per share. This represents a yield of 0.32%. The ex-dividend date is Thursday, September 5th. Antofagasta’s dividend payout ratio (DPR) is presently 4,406.78%.

About Antofagasta

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.