Antofagasta plc (LON:ANTO) Receives Average Recommendation of “Hold” from Brokerages

Antofagasta plc (LON:ANTO) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 2,185 ($28.29).

A number of research analysts have weighed in on ANTO shares. Citigroup decreased their price target on Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a “buy” rating for the company in a research note on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($27.51) target price on shares of Antofagasta in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,400 ($31.07) price target on shares of Antofagasta in a research report on Thursday, March 6th.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 1,779.25 ($23.04) on Friday. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The business has a 50-day moving average of GBX 1,794.76 and a 200-day moving average of GBX 1,766.10. The stock has a market capitalization of £21.92 billion, a price-to-earnings ratio of 28.68, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a fifty-two week low of GBX 1,567.50 ($20.29) and a fifty-two week high of GBX 2,425 ($31.40).

Antofagasta Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be issued a $0.24 dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Antofagasta’s previous dividend of $0.08. Antofagasta’s dividend payout ratio (DPR) is currently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.