Peel Hunt Begins Covering Antofagasta PLC (LON:ANTO) Stock. “Shares to Hit GBX 520.00”

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Why Has Peel Hunt Given Antofagasta PLC (LON:ANTO) a GBX 520.00 Price Target

Peel Hunt analyst have begun coverage with a Buy rating on Antofagasta PLC (LON:ANTO) today and set a price target of GBX 520.00. The company’s shares opened today at 421.3.

From a total of 21 analysts covering Antofagasta PLC (LON:ANTO) stock, 4 rate it a ”Buy”, 5 a “Sell”, and 14 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is GBX 11.96 while the lowest target price is GBX 4.51. The mean of all analyst targets is GBX 8 with a 29.70% above today’s (GBX 421.3) stock price. Antofagasta PLC was the topic of 101 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 16 with “Outperform” rating. AlphaValue maintained shares with “Buy” rating and GBX 755 target share price in a report from a December 3. Credit Suisse maintained ANTO stock in a recent report from December 15 with “Underperform” rating. Macquarie Research maintained the rating on November 30. Macquarie Research has a “Neutral” rating and a GBX 570 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a December 4.

Approximately 702,867 shares of stock traded hands. Antofagasta plc (LON:ANTO) has declined 46.72% since May 19, 2015 and is downtrending. It has underperformed by 44.10% the S&P500.

Peel Hunt Begins Covering Antofagasta PLC (LON:ANTO) Stock. “Shares to Hit GBX 520.00”

Antofagasta plc is a Chile copper mining firm with interests in transport and water distribution. The company has a market cap of 4.17 billion GBP. The Firm operates in three divisions: Mining, Transport and Water. It has 32.25 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.

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