Antofagasta plc (LON:ANTO) Receives GBX 1,619.38 Consensus Price Target from Brokerages

Shares of Antofagasta plc (LON:ANTO) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,619.38 ($20.50).

Several analysts recently commented on the stock. Bank of America reiterated a “buy” rating on shares of Antofagasta in a research report on Thursday. Barclays reiterated an “equal weight” rating and issued a GBX 1,270 ($16.07) price target on shares of Antofagasta in a research report on Monday, December 18th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,925 ($24.36) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Finally, Citigroup reissued a “buy” rating and issued a GBX 2,100 ($26.58) price objective on shares of Antofagasta in a research note on Wednesday, January 31st.

Antofagasta Stock Up 2.3 %

ANTO stock opened at GBX 2,270 ($28.73) on Friday. The company has a fifty day moving average price of GBX 1,884.88 and a 200 day moving average price of GBX 1,627.79. Antofagasta has a 12 month low of GBX 1,280 ($16.20) and a 12 month high of GBX 2,307 ($29.20). The company has a market cap of £22.38 billion, a price-to-earnings ratio of 3,310.45, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78.

Antofagasta Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, April 18th. This is a boost from Antofagasta’s previous dividend of $0.12. This represents a dividend yield of 1.09%. Antofagasta’s dividend payout ratio is 4,328.36%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.