Antofagasta’s (ANTO) Underweight Rating Reiterated at Barclays

Barclays restated their underweight rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Wednesday, May 8th, ThisIsMoney.Co.Uk reports.

ANTO has been the subject of a number of other reports. Peel Hunt lowered their target price on Antofagasta from GBX 930 ($12.15) to GBX 920 ($12.02) and set an add rating for the company in a research report on Friday, January 18th. Citigroup reiterated a buy rating and issued a GBX 1,100 ($14.37) target price (up previously from GBX 980 ($12.81)) on shares of Antofagasta in a research note on Monday, March 25th. Morgan Stanley reiterated an equal weight rating on shares of Antofagasta in a research note on Wednesday, February 13th. Deutsche Bank reiterated a hold rating on shares of Antofagasta in a research note on Friday, January 11th. Finally, HSBC cut their price target on Antofagasta from GBX 740 ($9.67) to GBX 720 ($9.41) and set a hold rating on the stock in a research note on Thursday, January 24th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 901.92 ($11.79).

ANTO stock traded down GBX 19.60 ($0.26) during midday trading on Wednesday, hitting GBX 782.80 ($10.23). The company’s stock had a trading volume of 2,345,270 shares, compared to its average volume of 3,470,000. Antofagasta has a 12 month low of GBX 713.20 ($9.32) and a 12 month high of GBX 1,171.50 ($15.31). The company has a debt-to-equity ratio of 26.42, a current ratio of 2.63 and a quick ratio of 2.19. The company has a market capitalization of $7.70 billion and a price-to-earnings ratio of 14.21.

The business also recently declared a dividend, which was paid on Friday, May 24th. Investors of record on Thursday, April 25th were given a dividend of $0.37 per share. This is a boost from Antofagasta’s previous dividend of $0.07. This represents a yield of 2.88%. The ex-dividend date of this dividend was Thursday, April 25th. Antofagasta’s dividend payout ratio (DPR) is currently 0.62%.

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 Transport 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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