Analysts Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,185

Shares of Antofagasta plc (LON:ANTO) have received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 2,185 ($28.29).

A number of equities analysts have recently commented on ANTO shares. Citigroup decreased their price target on shares of Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a “buy” rating on the stock in a report on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($27.51) target price on shares of Antofagasta in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,400 ($31.07) price target on shares of Antofagasta in a research note on Thursday, March 6th.

Antofagasta Stock Up 2.9 %

ANTO stock opened at GBX 1,921.50 ($24.88) on Friday. The company’s 50 day moving average is GBX 1,790.16 and its 200 day moving average is GBX 1,766.40. The stock has a market cap of £23.67 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1-year low of GBX 1,567.50 ($20.29) and a 1-year high of GBX 2,425 ($31.40).

Antofagasta Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, April 17th will be issued a $0.24 dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 0.93%. This is an increase 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.