Antofagasta’s (ANTO) Sector Performer Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector performer rating on shares of Antofagasta (LON:ANTO) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 860 ($11.24) price target on the mining company’s stock, down from their previous price target of GBX 870 ($11.37).

A number of other equities research analysts have also recently commented on ANTO. Citigroup reaffirmed a buy rating and issued a GBX 1,100 ($14.37) target price (up from GBX 980 ($12.81)) on shares of Antofagasta in a report on Monday, March 25th. Barclays cut shares of Antofagasta to an underweight rating and reduced their target price for the company from GBX 800 ($10.45) to GBX 750 ($9.80) in a report on Tuesday, March 26th. HSBC upped their target price on shares of Antofagasta from GBX 790 ($10.32) to GBX 800 ($10.45) and gave the company a reduce rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Antofagasta from GBX 840 ($10.98) to GBX 820 ($10.71) and set an underweight rating for the company in a report on Thursday, January 24th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Antofagasta in a report on Wednesday, February 13th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Antofagasta currently has a consensus rating of Hold and an average target price of GBX 901.92 ($11.79).

LON ANTO opened at GBX 932 ($12.18) on Thursday. The company has a debt-to-equity ratio of 26.42, a current ratio of 2.63 and a quick ratio of 2.19. Antofagasta has a 1 year low of GBX 713.20 ($9.32) and a 1 year high of GBX 1,171.50 ($15.31). The firm has a market capitalization of $9.19 billion and a price-to-earnings ratio of 16.91.

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be issued a $0.37 dividend. This represents a dividend yield of 2.88%. This is a boost from Antofagasta’s previous dividend of $0.07. The ex-dividend date is Thursday, April 25th. Antofagasta’s dividend payout ratio is presently 0.60%.

About Antofagasta

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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