November 30, 2016 - By Marie Mckinney
In a note sent to clients and investors on Wednesday morning, Antofagasta PLC (LON:ANTO) stock had its Sell Rating maintained by analysts at Berenberg. They currently have a GBX 500.00 PT on firm. Berenberg’s target would suggest a potential downside of -28.06% from the company’s previous stock close.
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 -24.58% below today’s (GBX 692.5) stock price. Antofagasta PLC has been the topic of 260 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Bernstein maintained it with “Outperform” rating and GBX 1025 target price in Monday, November 16 report. Peel Hunt maintained Antofagasta plc (LON:ANTO) on Wednesday, February 3 with “Buy” rating. Bernstein maintained Antofagasta plc (LON:ANTO) on Monday, February 22 with “Outperform” rating. The firm earned “Outperform” rating on Monday, February 15 by Bernstein. The stock has “Hold” rating given by Beaufort Securities on Wednesday, August 26. Jefferies maintained Antofagasta plc (LON:ANTO) rating on Friday, October 14. Jefferies has “Hold” rating and GBX 600 price target. The rating was maintained by Credit Suisse with “Underperform” on Thursday, April 7. The stock of Antofagasta plc (LON:ANTO) earned “Hold” rating by HSBC on Tuesday, October 6. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, November 3 report. The stock of Antofagasta plc (LON:ANTO) has “Reduce” rating given on Wednesday, July 29 by Charles Stanley.
About 1.01 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 6.86 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 3024.02 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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