Antofagasta (ANTO) Price Target Lowered to GBX 900 at Deutsche Bank
Antofagasta (LON:ANTO) had its price objective cut by Deutsche Bank from GBX 950 ($12.12) to GBX 900 ($11.48) in a report published on Thursday. They currently have a hold rating on the mining company’s stock.
A number of other brokerages have also recently issued reports on ANTO. Citigroup boosted their price objective on shares of Antofagasta from GBX 1,010 ($12.88) to GBX 1,050 ($13.39) and gave the company a buy rating in a report on Thursday, April 26th. Barclays boosted their price objective on shares of Antofagasta from GBX 935 ($11.93) to GBX 975 ($12.44) and gave the company an equal weight rating in a report on Wednesday, July 18th. Peel Hunt restated a hold rating on shares of Antofagasta in a report on Friday, July 13th. Berenberg Bank restated a hold rating and set a GBX 900 ($11.48) price objective on shares of Antofagasta in a report on Wednesday, April 25th. Finally, BNP Paribas boosted their price objective on shares of Antofagasta from GBX 820 ($10.46) to GBX 1,010 ($12.88) and gave the company a neutral rating in a report on Thursday, May 17th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 908.05 ($11.58).
Shares of ANTO traded down GBX 16.60 ($0.21) on Thursday, reaching GBX 827 ($10.55). 3,383,879 shares of the company’s stock were exchanged, compared to its average volume of 3,470,000. Antofagasta has a 12 month low of GBX 11.12 ($0.14) and a 12 month high of GBX 1,071 ($13.66).
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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