Analysts Set Antofagasta plc (LON:ANTO) Target Price at GBX 1,663.89

Shares of Antofagasta plc (LON:ANTO) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,663.89 ($20.90).

Several equities research analysts recently issued reports on ANTO shares. Citigroup reaffirmed a “buy” rating and set a GBX 2,100 ($26.38) price target on shares of Antofagasta in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.36) price target on shares of Antofagasta in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,500 ($18.84) price objective on shares of Antofagasta in a research note on Thursday, April 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,550 ($19.47) target price on shares of Antofagasta in a research report on Tuesday, February 20th. Finally, Bank of America reissued a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th.

Antofagasta Trading Up 1.5 %

LON ANTO opened at GBX 2,224 ($27.94) on Thursday. The stock has a market cap of £21.93 billion, a P/E ratio of 3,223.53, a PEG ratio of -1.08 and a beta of 1.14. The company’s fifty day simple moving average is GBX 2,051.84 and its 200-day simple moving average is GBX 1,729.94. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. Antofagasta has a 52 week low of GBX 1,280 ($16.08) and a 52 week high of GBX 2,336 ($29.35).

Antofagasta Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share. This is a positive change from Antofagasta’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.09%. Antofagasta’s payout ratio is presently 4,264.71%.

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.