Antofagasta (LON:ANTO) Price Target Cut to GBX 2,000 by Analysts at Deutsche Bank Aktiengesellschaft

Antofagasta (LON:ANTO) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 2,100 ($27.46) to GBX 2,000 ($26.15) in a research note released on Monday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the mining company’s stock.

A number of other research analysts have also weighed in on ANTO. Bank of America reissued a buy rating and set a GBX 2,520 ($32.95) price target on shares of Antofagasta in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their price objective on shares of Antofagasta from GBX 1,700 ($22.23) to GBX 1,850 ($24.19) and gave the stock an underweight rating in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity Group reaffirmed a hold rating and issued a GBX 2,065 ($27.00) price objective on shares of Antofagasta in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of GBX 1,948.57 ($25.48).

Antofagasta Price Performance

The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78. The firm’s fifty day moving average price is GBX 1,910.43 and its 200-day moving average price is GBX 2,038.80. Antofagasta has a 12-month low of GBX 1,280 ($16.74) and a 12-month high of GBX 2,425 ($31.71). The company has a market capitalization of £17.01 billion, a price-to-earnings ratio of 2,916.95, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be given a $0.08 dividend. This represents a yield of 0.32%. The ex-dividend date of this dividend is Thursday, September 5th. Antofagasta’s dividend payout ratio is 4,406.78%.

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.