Rating to Follow: Berenberg Bank Keeps a Sell Rating on Antofagasta (LON:ANTO) and GBX 500.00 Target

November 30, 2016 - By olga

Antofagasta (LON:ANTO) Rating

Antofagasta (LON:ANTO) had its stock rating noted as Sell by analysts at Berenberg Bank. Berenberg Bank currently has a GBX 500.00 TP on the 7.01B GBP market cap company or -28.98% downside potential. This was released in a research note on Wednesday morning.

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 -26.23% below today’s (GBX 708) stock price. Antofagasta PLC has been the topic of 260 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Underperform” rating and GBX 400 target price in Thursday, March 10 report. JP Morgan maintained the stock with “Neutral” rating in Tuesday, November 29 report. On Friday, January 15 the stock rating was maintained by Nomura with “Reduce”. Goldman Sachs upgraded the shares of ANTO in a report on Wednesday, November 30 to “Neutral” rating. BNP Paribas maintained the shares of ANTO in a report on Thursday, January 28 with “Outperform” rating. Peel Hunt maintained Antofagasta plc (LON:ANTO) rating on Monday, August 15. Peel Hunt has “Hold” rating and GBX 515 price target. The firm has “Sell” rating given on Monday, October 12 by Goldman Sachs. The stock of Antofagasta plc (LON:ANTO) earned “Sell” rating by Goldman Sachs on Friday, October 9. The stock of Antofagasta plc (LON:ANTO) has “Hold” rating given on Monday, September 14 by Jefferies. The firm has “Hold” rating by Deutsche Bank given on Tuesday, December 1.

About 2.26 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 7.01 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 3091.7 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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