Antofagasta - ANTO Share Forecast, Price & News

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. Its mines produce copper cathodes and copper concentrates, as well as molybdenum, gold, and silver by-products. The company also has exploration projects in various countries. In addition, it provides rail and road cargo services to mining customers in northern Chile. The company was founded in 1888 and is headquartered in London, the United Kingdom. Antofagasta plc is a subsidiary of Metalinvest Establishment.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Antofagasta from GBX 1,460 ($17.64) to GBX 1,260 ($15.22) and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley reiterated an "underweight" rating on shares of Antofagasta in a research note on Wednesday, May 11th. Barclays lowered their price target on shares of Antofagasta from GBX 1,410 ($17.04) to GBX 1,350 ($16.31) and set an "overweight" rating on the stock in a research report on Friday. Royal Bank of Canada cut their price objective on shares of Antofagasta from GBX 1,050 ($12.69) to GBX 1,000 ($12.08) and set an "underperform" rating on the stock in a report on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,250 ($15.10) price target on shares of Antofagasta in a report on Thursday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 1,351.11 ($16.33).

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 1,136 ($13.73) on Monday. Antofagasta has a 1-year low of GBX 971.20 ($11.74) and a 1-year high of GBX 1,799.50 ($21.74). The firm has a market capitalization of £11.20 billion and a PE ratio of 1,040.83. The company has a debt-to-equity ratio of 28.77, a current ratio of 3.43 and a quick ratio of 3.10. The business's fifty day moving average price is GBX 1,184.77 and its two-hundred day moving average price is GBX 1,397.33.

Antofagasta Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.09 per share. This represents a yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 1st. Antofagasta's payout ratio is 66.09%.