Antofagasta plc (ANTO) Stock Price Up 1.8% After Analyst Upgrade

Antofagasta plc (LON:ANTO)’s share price was up 1.8% during mid-day trading on Monday after Berenberg Bank raised their price target on the stock from GBX 690 to GBX 760. Berenberg Bank currently has a sell rating on the stock. Antofagasta plc traded as high as GBX 1,026 ($13.25) and last traded at GBX 1,026 ($13.25). Approximately 2,607,862 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 2,470,580 shares. The stock had previously closed at GBX 1,008 ($13.02).

Other equities analysts also recently issued reports about the company. Citigroup Inc. reiterated a “buy” rating and set a GBX 1,100 ($14.21) target price on shares of Antofagasta plc in a research report on Thursday, August 24th. Jefferies Group LLC upgraded Antofagasta plc to a “buy” rating in a research report on Thursday, August 31st. Barclays PLC reiterated an “equal weight” rating and set a GBX 790 ($10.20) target price on shares of Antofagasta plc in a research report on Friday, July 14th. Peel Hunt reiterated a “hold” rating and set a GBX 875 ($11.30) target price on shares of Antofagasta plc in a research report on Friday, July 28th. Finally, Macquarie reiterated a “neutral” rating and set a GBX 850 ($10.98) target price on shares of Antofagasta plc in a research report on Monday, June 19th. Nine research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 755.28 ($9.75).

The stock’s market cap is GBX 10.11 billion. The stock has a 50 day moving average of GBX 975.71 and a 200 day moving average of GBX 854.90.

The business also recently declared a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, September 7th will be paid a $0.10 dividend. This represents a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 7th.

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Antofagasta plc Company Profile

Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.

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