Analysts Set Antofagasta plc (LON:ANTO) Price Target at GBX 1,663.89

Antofagasta plc (LON:ANTO) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 1,663.89 ($20.90).

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.35) price objective on shares of Antofagasta in a report on Thursday, April 18th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,550 ($19.47) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,500 ($18.84) price objective on shares of Antofagasta in a report on Thursday, April 18th. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Finally, Citigroup reissued a “buy” rating and issued a GBX 2,100 ($26.38) price target on shares of Antofagasta in a research note on Wednesday, January 31st.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 2,192 ($27.53) on Thursday. Antofagasta has a 12-month low of GBX 1,280 ($16.08) and a 12-month high of GBX 2,336 ($29.34). The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. The company has a market cap of £21.61 billion, a PE ratio of 3,223.53, a price-to-earnings-growth ratio of -1.08 and a beta of 1.14. The stock has a 50-day moving average price of GBX 2,043.47 and a 200-day moving average price of GBX 1,721.40.

Antofagasta Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. This is an increase from Antofagasta’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.09%. Antofagasta’s dividend payout ratio (DPR) is currently 4,264.71%.

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.