HSBC Holdings plc Increases Antofagasta plc (LON:ANTO) Price Target to GBX 730

Antofagasta plc (LON:ANTO) had its target price hoisted by equities researchers at HSBC Holdings plc from GBX 720 ($9.30) to GBX 730 ($9.43) in a research report issued on Wednesday, August 23rd. The firm presently has a “reduce” rating on the mining company’s stock. HSBC Holdings plc’s price objective would indicate a potential downside of 29.94% from the stock’s current price.

Several other research firms have also recently commented on ANTO. Deutsche Bank AG cut Antofagasta plc to a “sell” rating and cut their price target for the company from GBX 800 ($10.33) to GBX 700 ($9.04) in a report on Friday, May 19th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 790 ($10.20) price target on shares of Antofagasta plc in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) cut Antofagasta plc to a “sell” rating and dropped their target price for the stock from GBX 800 ($10.33) to GBX 650 ($8.39) in a report on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 800 ($10.33) target price on shares of Antofagasta plc in a report on Monday, May 15th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 850 ($10.98) target price on shares of Antofagasta plc in a report on Monday, June 19th. Nine investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Antofagasta plc has a consensus rating of “Hold” and a consensus target price of GBX 749.17 ($9.68).

Antofagasta plc (LON ANTO) traded down 0.57% on Wednesday, reaching GBX 1042.00. 1,703,990 shares of the company’s stock were exchanged. The company has a 50 day moving average price of GBX 961.72 and a 200-day moving average price of GBX 851.36. Antofagasta plc has a 1-year low of GBX 473.00 and a 1-year high of GBX 1,071.50. The company’s market capitalization is GBX 10.27 billion.

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About Antofagasta plc

Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.

Analyst Recommendations for Antofagasta plc (LON:ANTO)

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