Antofagasta (LON:ANTO) Price Target Cut to GBX 1,685 by Analysts at Barclays

Antofagasta (LON:ANTO) had its price target lowered by Barclays from GBX 1,725 ($21.67) to GBX 1,685 ($21.17) in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has an underweight rating on the mining company’s stock.

A number of other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a GBX 1,500 ($18.84) price target on shares of Antofagasta in a research note on Thursday, April 18th. Bank of America reissued a buy rating on shares of Antofagasta in a research note on Thursday, April 11th. Canaccord Genuity Group lowered Antofagasta to a hold rating and raised their price objective for the company from GBX 1,925 ($24.18) to GBX 2,065 ($25.94) in a research note on Friday, April 26th. Citigroup reaffirmed a buy rating and issued a GBX 2,100 ($26.38) price objective on shares of Antofagasta in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group reaffirmed a hold rating and issued a GBX 1,550 ($19.47) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Antofagasta currently has an average rating of Hold and an average price target of GBX 1,710 ($21.48).

Antofagasta Price Performance

Shares of Antofagasta stock opened at GBX 2,138 ($26.86) on Tuesday. The stock has a 50 day moving average of GBX 2,059.83 and a 200 day moving average of GBX 1,736.09. Antofagasta has a 12 month low of GBX 1,280 ($16.08) and a 12 month high of GBX 2,336 ($29.35). The firm has a market cap of £21.08 billion, a PE ratio of 3,232.35, a PEG ratio of -1.08 and a beta of 1.14. 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 Increases Dividend

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

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.