Antofagasta plc (LON:ANTO) Given Consensus Rating of “Hold” by Brokerages

Shares of Antofagasta plc (LON:ANTO) have been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,948.57 ($26.06).

ANTO has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Antofagasta from GBX 1,730 ($23.14) to GBX 1,720 ($23.01) and set an “underweight” rating on the stock in a report on Wednesday, September 11th. Bank of America reissued a “buy” rating and issued a GBX 2,520 ($33.71) price objective on shares of Antofagasta in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Antofagasta from GBX 2,100 ($28.09) to GBX 2,000 ($26.75) and set a “hold” rating for the company in a research note on Monday, September 9th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 2,065 ($27.62) price target on shares of Antofagasta in a research report on Wednesday, July 17th.

Antofagasta Price Performance

LON:ANTO opened at GBX 1,968.71 ($26.33) on Friday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The firm has a market cap of £19.41 billion, a PE ratio of 3,355.17, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 12 month low of GBX 1,280 ($17.12) and a 12 month high of GBX 2,425 ($32.44). The company’s 50-day moving average price is GBX 1,854.10 and its two-hundred day moving average price is GBX 2,047.27.

Antofagasta Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 0.32%. Antofagasta’s payout ratio is 4,482.76%.

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.