UBS Group cut shares of Antofagasta (LON:ANTO) to a sell rating in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on ANTO. Liberum Capital reiterated a hold rating on shares of Antofagasta in a research report on Friday, August 9th. Peel Hunt restated a hold rating and set a GBX 950 ($12.41) price objective on shares of Antofagasta in a research report on Thursday, August 22nd. JPMorgan Chase & Co. cut their price objective on shares of Antofagasta from GBX 830 ($10.85) to GBX 810 ($10.58) and set an underweight rating for the company in a research report on Thursday, September 12th. Peel Hunt restated a hold rating and set a GBX 950 ($12.41) price objective on shares of Antofagasta in a research report on Monday, August 19th. Finally, Credit Suisse Group restated an underperform rating and set a GBX 810 ($10.58) price objective (up from GBX 600 ($7.84)) on shares of Antofagasta in a research report on Friday, June 28th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Antofagasta presently has an average rating of Hold and a consensus target price of GBX 883.08 ($11.54).

Shares of LON ANTO opened at GBX 907.40 ($11.86) on Friday. The firm has a 50-day simple moving average of GBX 861.12 and a 200-day simple moving average of GBX 894.98. The stock has a market capitalization of $8.95 billion and a price-to-earnings ratio of 13.73. The company has a quick ratio of 1.90, a current ratio of 2.31 and a debt-to-equity ratio of 29.27. Antofagasta has a 52 week low of GBX 713.20 ($9.32) and a 52 week high of GBX 1,026 ($13.41).

The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a dividend of $0.11 per share. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 5th. Antofagasta’s payout ratio is currently 0.56%.

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 Transport 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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