Canaccord Genuity Group reissued their buy rating on shares of Antofagasta (LON:ANTO - Free Report) in a report released on Wednesday, MarketBeat reports. They currently have a GBX 1,925 ($23.96) price target on the mining company's stock.
A number of other equities research analysts have also recently commented on ANTO. Jefferies Financial Group reissued a hold rating and issued a GBX 1,550 ($19.30) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Citigroup reissued a buy rating and issued a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a research note on Wednesday, January 31st. Bank of America restated a buy rating on shares of Antofagasta in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. restated an underweight rating on shares of Antofagasta in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Antofagasta has an average rating of Hold and a consensus target price of GBX 1,619.38 ($20.16).
Get Our Latest Analysis on ANTO
Antofagasta Price Performance
Shares of LON:ANTO traded up GBX 61 ($0.76) on Wednesday, reaching GBX 2,269 ($28.25). 962,584 shares of the company were exchanged, compared to its average volume of 1,173,691. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. Antofagasta has a 1-year low of GBX 1,280 ($15.93) and a 1-year high of GBX 2,336 ($29.08). The firm has a market cap of £22.37 billion, a price-to-earnings ratio of 3,386.57, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a 50-day moving average of GBX 1,926.91 and a 200-day moving average of GBX 1,653.23.
Antofagasta Increases Dividend
The business also recently disclosed 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. This is a positive change from Antofagasta's previous dividend of $0.12. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. Antofagasta's dividend payout ratio is presently 4,328.36%.
About Antofagasta
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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.
Further Reading
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