Antofagasta (LON:ANTO) Investors: Nomura Reaffirms “Reduce” Rating, Sees GBX 450/Share

Antofagasta (LON:ANTO) Rating

The broker have set PT of GBX 450 on Antofagasta (LON:ANTO) shares. This is -15.33% from the previous close. In an analyst note revealed on Wednesday, 9 March, Nomura maintained their “Reduce” rating on shares of ANTO.

Out of 23 analysts covering Antofagasta PLC (LON:ANTO), 8 rate it “Buy”, 7 “Sell”, while 8 “Hold”. This means 35% are positive. GBX 8.7 is the highest target while GBX 3.57 is the lowest. The GBX 6.22 average target is -11.87% below today’s (GBX 522) stock price. Antofagasta PLC was the topic in 142 analyst reports since July 23, 2015 according to StockzIntelligence Inc. AlphaValue downgraded the stock on March 8 to “Sell” rating. UBS maintained it with “Neutral” rating and GBX 450 target price in a February 16 report. Deutsche Bank maintained the shares of ANTO in a report on February 26 with “Hold” rating. Peel Hunt downgraded the firm’s rating on February 15. Peel Hunt has “Hold” rating and GBX 425 price target. Finally, Canaccord Genuity maintained the stock with “Hold” rating in a February 18 report.

About 958,492 shares traded hands. Antofagasta plc (LON:ANTO) has declined 9.68% since August 10, 2015 and is downtrending. It has underperformed by 4.02% the S&P500.

Antofagasta (LON:ANTO) Investors: Nomura Reaffirms

Antofagasta plc is a Chile copper mining firm with interests in transport and water distribution. The company has a market cap of 5.16 billion GBP. The Firm operates in three divisions: Mining, Transport and Water. It has 37.51 P/E ratio. The principal activities of the Company are copper mining (including exploration and development), the transportation of freight by rail and road and the distribution of water.

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