Antofagasta (LON:ANTO) had its price objective decreased by research analysts at Barclays from GBX 975 ($12.74) to GBX 875 ($11.43) in a note issued to investors on Friday, October 12th. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays’ price target would indicate a potential upside of 13.93% from the company’s current price.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Antofagasta from GBX 750 ($9.80) to GBX 780 ($10.19) and gave the stock an “underweight” rating in a research note on Monday, September 10th. HSBC upgraded shares of Antofagasta to a “hold” rating and lifted their price target for the stock from GBX 750 ($9.80) to GBX 760 ($9.93) in a research note on Thursday, September 13th. Morgan Stanley upgraded shares of Antofagasta to an “equal weight” rating and set a GBX 800 ($10.45) price target on the stock in a research note on Wednesday, September 5th. Royal Bank of Canada upgraded shares of Antofagasta to an “outperform” rating and cut their price target for the stock from GBX 980 ($12.81) to GBX 950 ($12.41) in a research note on Friday, August 24th. Finally, UBS Group reiterated a “sell” rating and set a GBX 800 ($10.45) price target on shares of Antofagasta in a research note on Wednesday, August 15th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Antofagasta has a consensus rating of “Hold” and an average price target of GBX 900.29 ($11.76).
Shares of LON:ANTO opened at GBX 768 ($10.04) on Friday. Antofagasta has a 12 month low of GBX 11.12 ($0.15) and a 12 month high of GBX 1,071 ($13.99).
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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