November 29, 2016 - By Clifton Ray
In analysts note shared with investors and clients on Tuesday morning, Antofagasta PLC (LON:ANTO) stock Neutral was reiterated at JP Morgan Cazenove. They currently have a GBX 390.00 TP on the stock. JP Morgan Cazenove’s TP indicates a potential downside of -44.25% from the company’s previous stock close.
Out of 29 analysts covering Antofagasta PLC (LON:ANTO), 4 rate it a “Buy”, 13 “Sell”, while 12 “Hold”. This means 14% are positive. GBX 1025 is the highest target while GBX 250 is the lowest. The GBX 507.65 average target is -27.99% below today’s (GBX 705) stock price. Antofagasta PLC has been the topic of 258 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, December 1 report. Credit Suisse maintained it with “Underperform” rating and GBX 360 target price in Thursday, May 12 report. The stock of Antofagasta plc (LON:ANTO) has “Hold” rating given on Friday, July 31 by Canaccord Genuity. Jefferies maintained the shares of ANTO in a report on Tuesday, September 1 with “Buy” rating. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, November 8. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, October 28 report. Canaccord Genuity maintained the shares of ANTO in a report on Tuesday, August 16 with “Hold” rating. Barclays Capital maintained it with “Equal Weight” rating and GBX 510 target price in Monday, October 24 report. The stock of Antofagasta plc (LON:ANTO) has “Hold” rating given on Wednesday, August 17 by Deutsche Bank. Deutsche Bank maintained Antofagasta plc (LON:ANTO) rating on Wednesday, July 6. Deutsche Bank has “Hold” rating and GBX 585 price target.
About 941,204 shares traded hands. Antofagasta plc (LON:ANTO) has risen 50.77% since May 2, 2016 and is uptrending. It has outperformed by 45.51% the S&P500.
Antofagasta plc is a copper mining company. The company has a market cap of 6.94 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 3092.11 P/E ratio. The Company’s divisions include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
Another recent and important Antofagasta plc (LON:ANTO) news was published by Bloomberg.com which published an article titled: “Years-Long Copper Glut Can Still Flush Out Deals for Antofagasta” on September 15, 2016.
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By Clifton Ray