Antofagasta plc (LON:ANTO) Receives Average Recommendation of “Hold” from Analysts

Antofagasta plc (LON:ANTO) has earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 1,507.78 ($19.24).

A number of equities analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,900 ($24.24) price objective on shares of Antofagasta in a report on Thursday, August 10th. Canaccord Genuity Group assumed coverage on Antofagasta in a report on Wednesday, May 17th. They issued a “buy” rating and a GBX 1,900 ($24.24) price objective on the stock. Barclays cut their price objective on Antofagasta from GBX 1,350 ($17.22) to GBX 1,270 ($16.20) and set an “equal weight” rating on the stock in a report on Monday, July 10th. Citigroup restated a “neutral” rating on shares of Antofagasta in a report on Monday, May 22nd. Finally, Morgan Stanley increased their target price on Antofagasta from GBX 1,340 ($17.10) to GBX 1,490 ($19.01) and gave the company an “equal weight” rating in a research note on Wednesday, June 21st.

Antofagasta Stock Performance

LON ANTO opened at GBX 1,401.50 ($17.88) on Friday. The business’s 50-day moving average price is GBX 1,510.02 and its 200 day moving average price is GBX 1,520.44. Antofagasta has a twelve month low of GBX 1,025.50 ($13.08) and a twelve month high of GBX 1,837.50 ($23.44). The company has a market capitalization of £13.82 billion, a PE ratio of 1,094.92, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a current ratio of 2.67, a quick ratio of 2.78 and a debt-to-equity ratio of 27.15.

Antofagasta Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.12 dividend. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, August 31st. Antofagasta’s dividend payout ratio (DPR) is 3,906.25%.

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.