Antofagasta (LON:ANTO) Receives “Hold” Rating from Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Antofagasta (LON:ANTO) in a research report report published on Monday morning, Digital Look reports. The brokerage currently has a GBX 950 ($12.41) price target on the mining company’s stock.

Several other equities research analysts also recently weighed in on ANTO. HSBC raised Antofagasta to a hold rating in a research report on Tuesday, May 28th. Liberum Capital reiterated a hold rating on shares of Antofagasta in a research note on Friday, August 9th. UBS Group reiterated a neutral rating on shares of Antofagasta in a research note on Thursday, July 25th. Credit Suisse Group reiterated an underperform rating and issued a GBX 810 ($10.58) price target (up previously from GBX 600 ($7.84)) on shares of Antofagasta in a research note on Friday, June 28th. Finally, Deutsche Bank reiterated a hold rating on shares of Antofagasta in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 887.14 ($11.59).

Shares of LON ANTO opened at GBX 816.80 ($10.67) on Monday. Antofagasta has a 1-year low of GBX 713.20 ($9.32) and a 1-year high of GBX 1,026 ($13.41). The business has a 50-day moving average of GBX 872.42 and a 200-day moving average of GBX 896.53. The company has a debt-to-equity ratio of 26.42, a current ratio of 2.63 and a quick ratio of 2.19. The company has a market capitalization of $8.05 billion and a price-to-earnings ratio of 14.82.

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a $0.11 dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 5th. Antofagasta’s dividend payout ratio (DPR) is 0.62%.

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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