Antofagasta plc (LON:ANTO) had its price objective raised by investment analysts at Deutsche Bank AG from GBX 575 ($7.51) to GBX 610 ($7.96) in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 13.70% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 360 ($4.70) price target on shares of Antofagasta plc in a research report on Thursday, June 30th. Barclays PLC reissued an “equal weight” rating and set a GBX 410 ($5.35) price target on shares of Antofagasta plc in a research report on Monday, July 18th. Investec boosted their price target on Antofagasta plc from GBX 408 ($5.33) to GBX 446 ($5.82) and gave the company a “sell” rating in a research report on Tuesday, July 19th. Morgan Stanley boosted their price target on Antofagasta plc from GBX 390 ($5.09) to GBX 400 ($5.22) and gave the company an “underweight” rating in a research report on Monday, August 1st. Finally, Liberum Capital reissued a “sell” rating and set a GBX 440 ($5.74) price target on shares of Antofagasta plc in a research report on Tuesday, August 16th. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 482.81 ($6.30).
Antofagasta plc (LON:ANTO) opened at 541.50 on Wednesday. The firm’s market cap is GBX 5.34 billion. The company’s 50-day moving average price is GBX 516.94 and its 200 day moving average price is GBX 475.55. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 610.50.
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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