Antofagasta's (ANTO) "Buy" Rating Reiterated at Bank of America

Bank of America reaffirmed their buy rating on shares of Antofagasta (LON:ANTO - Free Report) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. Barclays reiterated an equal weight rating and set a GBX 1,270 ($16.07) price target on shares of Antofagasta in a research report on Monday, December 18th. Citigroup reiterated a buy rating and set a GBX 2,100 ($26.58) target price on shares of Antofagasta in a research report on Wednesday, January 31st. Canaccord Genuity Group restated a buy rating and issued a GBX 1,925 ($24.36) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Jefferies Financial Group reissued a hold rating and issued a GBX 1,550 ($19.62) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. restated an underweight rating on shares of Antofagasta in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of GBX 1,619.38 ($20.50).

Antofagasta Price Performance

Shares of LON ANTO traded down GBX 25 ($0.32) during midday trading on Thursday, hitting GBX 2,218 ($28.07). The company had a trading volume of 1,737,923 shares, compared to its average volume of 1,169,924. The firm has a market capitalization of £21.87 billion, a price-to-earnings ratio of 3,310.45, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. Antofagasta has a twelve month low of GBX 1,280 ($16.20) and a twelve month high of GBX 2,307 ($29.20). The business has a 50-day simple moving average of GBX 1,884.88 and a two-hundred day simple moving average of GBX 1,627.79. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86.

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Antofagasta's previous dividend of $0.12. This represents a dividend yield of 1.09%. Antofagasta's payout ratio is 4,328.36%.

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.