Important Rating: Is Goldman Sachs Very Positive For Antofagasta PLC (LON:ANTO) After Its Upgrade? The Target Price per Share is GBX 750.00

November 30, 2016 - By Marguerite Chambers

Antofagasta PLC (LON:ANTO) Upgrade

Goldman Sachs increased Antofagasta PLC (LON:ANTO)‘s stock to a Neutral rating. The ratings change was revealed to clients and investors in a an analyst note today. The financial firm currently has GBX 750.00 PT on ANTO.

Antofagasta plc (LON:ANTO) Ratings Coverage

Out of 29 analysts covering Antofagasta PLC (LON:ANTO), 4 rate it a “Buy”, 12 “Sell”, while 13 “Hold”. This means 14% are positive. GBX 1025 is the highest target while GBX 250 is the lowest. The GBX 522.27 average target is -24.31% below today’s (GBX 690) stock price. Antofagasta PLC has been the topic of 260 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, July 30 by JP Morgan. The stock of Antofagasta plc (LON:ANTO) has “Sell” rating given on Monday, August 10 by Investec. Macquarie Research maintained it with “Neutral” rating and GBX 525 target price in Thursday, September 24 report. Credit Suisse maintained it with “Underperform” rating and GBX 360 target price in Thursday, June 30 report. The firm earned “Outperform” rating on Tuesday, August 25 by BMO Capital Markets. The rating was maintained by Barclays Capital with “Equal Weight” on Thursday, July 30. The stock of Antofagasta plc (LON:ANTO) has “Reduce” rating given on Friday, January 15 by Nomura. Barclays Capital maintained it with “Equal Weight” rating and GBX 510 target price in Monday, October 24 report. The rating was maintained by SP Angel on Tuesday, August 16 with “Hold”. Deutsche Bank maintained the shares of ANTO in a report on Tuesday, August 9 with “Hold” rating.

About 1.11 million shares traded hands. Antofagasta plc (LON:ANTO) has risen 56.35% since May 3, 2016 and is uptrending. It has outperformed by 51.13% the S&P500.

Antofagasta plc is a copper mining company. The company has a market cap of 6.84 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 3013.1 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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