Antofagasta PLC (LON:ANTO) Rating Reaffirmed
In a very recent research note issued to clients on Tuesday morning, The Underperform rating of Antofagasta PLC (LON:ANTO) shares was reaffirmed at Credit Suisse, who now has a GBX 400.00 target price per share on the stock. Credit Suisse’s target price per share would suggest a possible downside of -3.13% from the previous stock close of the company.
From a total of 20 analysts covering Antofagasta PLC (LON:ANTO) stock, 4 rate it a ”Buy”, 6 a “Sell”, and 13 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is GBX 11.99 while the lowest target price is GBX 4.52. The mean of all analyst targets is GBX 8.18 with a 37.01% above today’s (GBX 412.93) stock price. Antofagasta PLC was the topic of 96 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Outperform” rating. Goldman Sachs upgraded shares to “Sell” rating and GBX 440 target share price in a report from a November 18. AlphaValue maintained ANTO stock in a recent report from December 3 with “Buy” rating. Investec maintained the rating on November 17. Investec has a “Sell” rating and a GBX 298 price target on shares. Finally, Macquarie Research maintained the stock with “Neutral” rating in a report issued on a November 30.
The stock decreased 3.72% or GBX 15.97 on December 14, striking GBX 412.93. Approximately 2.95M shares of stock traded hands. Antofagasta plc (LON:ANTO) has declined 48.01% since May 18, 2015 and is downtrending. It has underperformed by 43.59% the S&P500.
Antofagasta plc is a Chile copper mining firm with interests in transport and water distribution. The company has a market cap of 4.07 billion GBP. The Firm operates in three divisions: Mining, Transport and Water. It has 31.64 P/E ratio. The principal activities of the Company are copper mining (including exploration and development), the transportation of freight by rail and road and the distribution of water.