Antofagasta (LON:ANTO) Rating Reaffirmed
In a recent research report released on Monday morning, The “Outperform” rating of Antofagasta (LON:ANTO) shares was reiterated at Bernstein, who now has a GBX 610 target price per share on the stock. Bernstein’s target price per share gives a possible upside of 23.71% from the previous close of the company.
From a total of 21 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 15.52 while the lowest target price is GBX 4.51. The mean of all analyst targets is GBX 8.55 with a 20.25% above today’s (GBX 486.9) stock price. Antofagasta PLC was the topic of 95 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 4 with “Neutral” rating. Goldman Sachs upgraded shares to “Sell” rating and GBX 440 target share price in a report from a November 18. Deutsche Bank maintained ANTO stock in a recent report from December 1 with “Hold” 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.
Approximately 376,711 shares of stock traded hands. Antofagasta plc (LON:ANTO) has declined 37.76% since May 8, 2015 and is downtrending. It has underperformed by 36.68% 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 4.68 billion GBP. The Firm operates in three divisions: Mining, Transport and Water. It has 37.28 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.