Antofagasta (LON:ANTO) Reaches New 12-Month High at $2,032.00

Antofagasta plc (LON:ANTO - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 2,032 ($25.68) and last traded at GBX 2,030 ($25.65), with a volume of 75757 shares. The stock had previously closed at GBX 1,985 ($25.09).

Analysts Set New Price Targets

Several research analysts have issued reports on ANTO shares. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,550 ($19.59) target price on shares of Antofagasta in a report on Tuesday, February 20th. Barclays reiterated an "equal weight" rating and set a GBX 1,270 ($16.05) target price on shares of Antofagasta in a report on Monday, December 18th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 1,925 ($24.33) target price on shares of Antofagasta in a report on Tuesday, February 20th. Citigroup reiterated a "buy" rating and set a GBX 2,100 ($26.54) target price on shares of Antofagasta in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 1,320 ($16.68) target price on shares of Antofagasta in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Antofagasta has an average rating of "Hold" and a consensus price target of GBX 1,619.38 ($20.46).

Antofagasta Stock Up 2.7 %

The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. The company has a market capitalization of £20.10 billion, a PE ratio of 3,043.28, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The business's 50-day simple moving average is GBX 1,786.95 and its 200-day simple moving average is GBX 1,578.74.

Antofagasta Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, April 18th. This is a positive change from Antofagasta's previous dividend of $0.12. This represents a yield of 1.09%. Antofagasta's dividend payout ratio (DPR) is currently 4,328.36%.

Insider Transactions at Antofagasta

In other news, insider Ramon Jara sold 5,260 shares of the firm's stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of GBX 1,702 ($21.51), for a total transaction of £89,525.20 ($113,136.86). Corporate insiders own 65.38% of the company's stock.

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.