Royal Bank of Canada upgraded shares of Antofagasta (LON:ANTO) to a sector performer rating in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have GBX 760 ($10.00) price target on the mining company’s stock, up from their prior price target of GBX 740 ($9.73).

Other analysts have also issued reports about the stock. Peel Hunt restated a hold rating on shares of Antofagasta in a research report on Tuesday. HSBC lowered shares of Antofagasta to a reduce rating and upped their price target for the company from GBX 820 ($10.79) to GBX 835 ($10.98) in a research report on Thursday, December 19th. UBS Group restated a neutral rating on shares of Antofagasta in a research report on Wednesday. Barclays upped their price target on shares of Antofagasta from GBX 700 ($9.21) to GBX 750 ($9.87) and gave the company an underweight rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Antofagasta from GBX 780 ($10.26) to GBX 790 ($10.39) and gave the company an underweight rating in a research report on Wednesday, January 22nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 881.07 ($11.59).

LON:ANTO traded down GBX 7.80 ($0.10) during midday trading on Wednesday, hitting GBX 660 ($8.68). The company had a trading volume of 4,677,220 shares, compared to its average volume of 3,470,000. Antofagasta has a 52-week low of GBX 656.60 ($8.64) and a 52-week high of GBX 1,026 ($13.50). The stock’s fifty day moving average price is GBX 784.22 and its 200-day moving average price is GBX 869.60. The company has a market capitalization of $6.51 billion and a PE ratio of 9.98. The company has a quick ratio of 1.90, a current ratio of 2.31 and a debt-to-equity ratio of 29.27.

The company also recently announced a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a dividend of $0.23 per share. This is a positive change from Antofagasta’s previous dividend of $0.11. This represents a dividend yield of 2.69%. The ex-dividend date is Thursday, April 23rd. Antofagasta’s dividend 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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