Brokerages Set Antofagasta plc (LON:ANTO) Target Price at GBX 2,244.29

Shares of Antofagasta plc (LON:ANTO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,244.29 ($29.87).

A number of research analysts have recently weighed in on ANTO shares. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 2,400 ($31.94) target price on shares of Antofagasta in a research report on Friday, March 28th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 2,125 ($28.28) target price on shares of Antofagasta in a research report on Monday, March 3rd. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 2,100 ($27.95) target price on shares of Antofagasta in a research note on Wednesday, April 16th.

Antofagasta Stock Performance

Shares of LON ANTO traded up GBX 36 ($0.48) during mid-day trading on Monday, reaching GBX 1,874.50 ($24.95). 1,486,224 shares of the company's stock were exchanged, compared to its average volume of 3,685,140. The firm has a market capitalization of £23.09 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,278 ($17.01) and a 52 week high of GBX 2,425 ($32.27). The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The firm has a 50-day moving average price of GBX 1,676.92 and a two-hundred day moving average price of GBX 1,707.94.

Antofagasta Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 12th. Shareholders of record on Thursday, April 17th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, April 17th. This represents a dividend yield of 0.93%. This is an increase from Antofagasta's previous dividend of $0.08. Antofagasta's dividend payout ratio is currently 41.91%.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.