Antofagasta (ANTO) Stock Rating Upgraded by HSBC

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HSBC upgraded shares of Antofagasta (LON:ANTO) to a hold rating in a report issued on Thursday morning. The brokerage currently has GBX 760 ($9.90) price objective on the mining company’s stock, up from their previous price objective of GBX 750 ($9.77).

Other equities analysts have also issued research reports about the company. Barclays upped their price target on Antofagasta from GBX 935 ($12.18) to GBX 975 ($12.70) and gave the company an equal weight rating in a research note on Wednesday, July 18th. BNP Paribas upped their price target on Antofagasta from GBX 820 ($10.68) to GBX 1,010 ($13.16) and gave the company a neutral rating in a research note on Thursday, May 17th. Deutsche Bank decreased their price target on Antofagasta from GBX 950 ($12.37) to GBX 900 ($11.72) and set a hold rating on the stock in a research note on Thursday, August 16th. BMO Capital Markets reaffirmed an outperform rating and issued a GBX 1,200 ($15.63) price target on shares of Antofagasta in a research note on Wednesday, August 15th. Finally, Peel Hunt reaffirmed a hold rating on shares of Antofagasta in a research note on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 915.61 ($11.93).

Shares of Antofagasta stock opened at GBX 784.60 ($10.22) on Thursday. Antofagasta has a 52 week low of GBX 11.12 ($0.14) and a 52 week high of GBX 1,071 ($13.95).

The company also recently announced a dividend, which will be paid on Friday, October 5th. Investors of record on Thursday, September 6th will be paid a dividend of $0.07 per share. This represents a yield of 0.61%. The ex-dividend date is Thursday, September 6th.

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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