Antofagasta (ANTO) Shares Down 1.7%

Antofagasta plc (LON:ANTO) traded down 1.7% during trading on Tuesday . The company traded as low as GBX 877 ($11.80) and last traded at GBX 884.50 ($11.90). 3,726,620 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 2,750,000 shares. The stock had previously closed at GBX 899.50 ($12.11).

A number of equities research analysts have recently commented on the stock. Berenberg Bank increased their target price on shares of Antofagasta from GBX 690 ($9.29) to GBX 760 ($10.23) and gave the company a “sell” rating in a research report on Friday, September 8th. Liberum Capital reissued a “sell” rating and issued a GBX 420 ($5.65) price objective on shares of Antofagasta in a research note on Wednesday, October 25th. Macquarie reissued a “neutral” rating and issued a GBX 930 ($12.52) price objective on shares of Antofagasta in a research note on Wednesday, August 30th. Jefferies Group upgraded shares of Antofagasta to a “buy” rating in a research report on Thursday, August 31st. Finally, Barclays boosted their target price on shares of Antofagasta from GBX 790 ($10.63) to GBX 965 ($12.99) and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 815.33 ($10.97).

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About Antofagasta

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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