Antofagasta (LON:ANTO – Free Report) had its target price reduced by JPMorgan Chase & Co. from GBX 1,730 ($22.62) to GBX 1,720 ($22.49) in a research report released on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.
Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price target on Antofagasta from GBX 2,100 ($27.46) to GBX 2,000 ($26.15) and set a hold rating on the stock in a research report on Monday, September 9th. Canaccord Genuity Group restated a hold rating and set a GBX 2,065 ($27.00) price objective on shares of Antofagasta in a research note on Wednesday, July 17th. Finally, Bank of America restated a buy rating and set a GBX 2,520 ($32.95) price objective on shares of Antofagasta in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Antofagasta currently has an average rating of Hold and a consensus price target of GBX 1,948.57 ($25.48).
Get Our Latest Stock Analysis on Antofagasta
Antofagasta Trading Up 1.5 %
Antofagasta Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.08 per share. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, September 5th. Antofagasta’s payout ratio is 4,406.78%.
Antofagasta Company Profile
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.
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