Antofagasta plc (ANTO) Shares Down 1.7%

Antofagasta plc (LON:ANTO)’s share price dropped 1.7% during mid-day trading on Monday . The stock traded as low as GBX 979 ($12.87) and last traded at GBX 981 ($12.90). Approximately 1,610,418 shares traded hands during trading, a decline of 44% from the average daily volume of 2,887,380 shares. The stock had previously closed at GBX 997.50 ($13.11).

ANTO has been the topic of several research reports. Citigroup Inc. reissued a “buy” rating and set a GBX 1,100 ($14.46) target price on shares of Antofagasta plc in a research note on Thursday, August 24th. Jefferies Group LLC raised Antofagasta plc to a “buy” rating in a research note on Thursday, August 31st. Investec raised Antofagasta plc to a “buy” rating and increased their target price for the stock from GBX 957 ($12.58) to GBX 1,046 ($13.75) in a research note on Friday, September 29th. Barclays PLC reissued an “equal weight” rating and set a GBX 790 ($10.39) target price on shares of Antofagasta plc in a research note on Friday, July 14th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 875 ($11.50) target price on shares of Antofagasta plc in a research note on Friday, July 28th. Nine equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 777.16 ($10.22).

The firm’s market cap is GBX 9.85 billion. The company’s 50-day moving average price is GBX 984.81 and its 200-day moving average price is GBX 876.61.

The firm also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were paid a $0.10

ANTO has been the topic of several research reports. Citigroup Inc. reissued a “buy” rating and set a GBX 1,100 ($14.46) target price on shares of Antofagasta plc in a research note on Thursday, August 24th. Jefferies Group LLC raised Antofagasta plc to a “buy” rating in a research note on Thursday, August 31st. Investec raised Antofagasta plc to a “buy” rating and increased their target price for the stock from GBX 957 ($12.58) to GBX 1,046 ($13.75) in a research note on Friday, September 29th. Barclays PLC reissued an “equal weight” rating and set a GBX 790 ($10.39) target price on shares of Antofagasta plc in a research note on Friday, July 14th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 875 ($11.50) target price on shares of Antofagasta plc in a research note on Friday, July 28th. Nine equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 777.16 ($10.22).

The firm’s market cap is GBX 9.85 billion. The company’s 50-day moving average price is GBX 984.81 and its 200-day moving average price is GBX 876.61.

The firm also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were paid a $0.10 dividend. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, September 7th.

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Antofagasta plc Company Profile

Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.

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