Recent Investment Analysts’ Ratings Changes for Antofagasta (ANTO)

Several brokerages have updated their recommendations and price targets on shares of Antofagasta (LON: ANTO) in the last few weeks:

• 4/26/2024 – Antofagasta was downgraded by analysts at Canaccord Genuity Group Inc. to a “hold” rating. They now have a GBX 2,065 ($25.94) price target on the stock, up previously from GBX 1,925 ($24.18).
• 4/18/2024 – Antofagasta had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 1,700 ($21.35) price target on the stock.
• 4/18/2024 – Antofagasta had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a GBX 1,500 ($18.84) price target on the stock.
• 4/17/2024 – Antofagasta had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a GBX 1,925 ($24.18) price target on the stock.
• 4/11/2024 – Antofagasta had its “buy” rating reaffirmed by analysts at Bank of America Co..
• 4/9/2024 – Antofagasta had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..

Antofagasta Stock Performance

Antofagasta stock traded down GBX 36 ($0.45) during midday trading on Thursday, reaching GBX 2,132 ($26.78). 1,618,663 shares of the company traded hands, compared to its average volume of 1,226,970. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta plc has a 12 month low of GBX 1,280 ($16.08) and a 12 month high of GBX 2,336 ($29.34). The firm has a market capitalization of £21.02 billion, a price-to-earnings ratio of 3,135.29, a price-to-earnings-growth ratio of -1.08 and a beta of 1.14. The business has a 50 day moving average of GBX 2,028.67 and a two-hundred day moving average of GBX 1,710.77.

Antofagasta Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be issued a $0.24 dividend. This is an increase from Antofagasta’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.09%. Antofagasta’s dividend payout ratio (DPR) is presently 4,264.71%.

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.