Antofagasta (ANTO) Receives Sector Performer Rating from Royal Bank of Canada

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Royal Bank of Canada reaffirmed their sector performer rating on shares of Antofagasta (LON:ANTO) in a report released on Tuesday.

ANTO has been the topic of a number of other research reports. Deutsche Bank reissued a hold rating on shares of Antofagasta in a research report on Tuesday, February 19th. Goldman Sachs Group lowered shares of Antofagasta to a sell rating and dropped their price target for the stock from GBX 850 ($11.11) to GBX 700 ($9.15) in a research report on Friday, January 18th. Peel Hunt lowered shares of Antofagasta to an add rating in a research report on Friday, January 11th. Barclays dropped their price target on shares of Antofagasta from GBX 820 ($10.71) to GBX 800 ($10.45) and set an equal weight rating on the stock in a research report on Thursday, January 10th. Finally, HSBC dropped their price target on shares of Antofagasta from GBX 740 ($9.67) to GBX 720 ($9.41) and set a hold rating on the stock in a research report on Thursday, January 24th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 863.21 ($11.28).

Shares of ANTO stock opened at GBX 977.20 ($12.77) on Tuesday. The company has a debt-to-equity ratio of 26.80, a quick ratio of 2.04 and a current ratio of 2.57. The firm has a market capitalization of $9.52 billion and a PE ratio of 14.72. 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 also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.37 per share. This is a positive change from Antofagasta’s previous dividend of $0.07. This represents a yield of 2.88%. The ex-dividend date of this dividend is Thursday, April 25th. Antofagasta’s dividend payout ratio is 0.20%.

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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