Antofagasta (ANTO) Price Target Lowered to GBX 800 at Barclays

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Antofagasta (LON:ANTO) had its target price reduced by Barclays from GBX 820 ($10.71) to GBX 800 ($10.45) in a research note issued to investors on Thursday morning. Barclays currently has an equal weight rating on the mining company’s stock.

A number of other equities research analysts have also commented on the stock. Peel Hunt lowered their price target on shares of Antofagasta from GBX 1,000 ($13.07) to GBX 930 ($12.15) and set a buy rating for the company in a report on Tuesday, November 27th. Deutsche Bank reduced their target price on shares of Antofagasta from GBX 900 ($11.76) to GBX 870 ($11.37) and set a hold rating on the stock in a research report on Tuesday, October 2nd. Royal Bank of Canada reaffirmed an outperform rating on shares of Antofagasta in a research report on Thursday, November 15th. Citigroup reduced their target price on shares of Antofagasta from GBX 1,050 ($13.72) to GBX 980 ($12.81) and set a buy rating on the stock in a research report on Friday, October 26th. Finally, Goldman Sachs Group downgraded shares of Antofagasta to a sell rating and reduced their target price for the stock from GBX 760 ($9.93) to GBX 720 ($9.41) in a research report on Thursday, October 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 864.06 ($11.29).

Shares of ANTO traded down GBX 7.40 ($0.10) during trading hours on Thursday, hitting GBX 836.20 ($10.93). The company’s stock had a trading volume of 2,082,475 shares, compared to its average volume of 3,470,000. Antofagasta has a 52-week low of GBX 11.12 ($0.15) and a 52-week high of GBX 1,071 ($13.99).

Antofagasta Company Profile

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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