Antofagasta’s (ANTO) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Antofagasta (LON:ANTO) in a research note released on Wednesday, Marketbeat reports. They currently have a GBX 2,100 ($27.80) price objective on the mining company’s stock.

Several other research analysts have also weighed in on ANTO. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,125 ($28.13) price objective on shares of Antofagasta in a research note on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,400 ($31.77) price target on shares of Antofagasta in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,174.38 ($28.78).

Antofagasta Stock Down 0.9 %

Shares of Antofagasta stock opened at GBX 1,540.50 ($20.39) on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1 year low of GBX 1,278 ($16.92) and a 1 year high of GBX 2,425 ($32.10). The stock has a 50-day moving average price of GBX 1,725.29 and a 200 day moving average price of GBX 1,739.59. The company has a market cap of £18.98 billion, a P/E ratio of 24.83, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.24 per share. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, April 17th. This is a positive change from Antofagasta’s previous dividend of $0.08. Antofagasta’s dividend payout ratio is 41.91%.

About Antofagasta

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.