UBS Group reaffirmed their neutral rating on shares of Antofagasta (LON:ANTO) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently commented on ANTO. Deutsche Bank reaffirmed a hold rating and issued a GBX 760 ($10.00) price target (down from GBX 850 ($11.18)) on shares of Antofagasta in a research report on Wednesday. Royal Bank of Canada downgraded Antofagasta to an underperform rating and dropped their price target for the stock from GBX 850 ($11.18) to GBX 740 ($9.73) in a research report on Tuesday, February 11th. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 810 ($10.66) price target on shares of Antofagasta in a research report on Monday, November 25th. Citigroup reaffirmed a buy rating and issued a GBX 1,100 ($14.47) price target on shares of Antofagasta in a research report on Monday, January 27th. Finally, Morgan Stanley lowered Antofagasta to an underweight rating in a report on Monday, March 16th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 881.07 ($11.59).

LON ANTO traded down GBX 7.80 ($0.10) during trading on Wednesday, hitting GBX 660 ($8.68). The company’s stock had a trading volume of 4,677,220 shares, compared to its average volume of 3,470,000. 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 firm has a 50 day moving average price of GBX 784.22 and a 200 day moving average price of GBX 869.60. The firm has a market cap of $6.51 billion and a P/E ratio of 9.98. Antofagasta has a 52 week low of GBX 656.60 ($8.64) and a 52 week high of GBX 1,026 ($13.50).

The company also recently disclosed 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 represents a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, April 23rd. This is a positive change from Antofagasta’s previous dividend of $0.11. Antofagasta’s dividend payout ratio (DPR) is presently 0.56%.

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 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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