Can analysts adopt a bullish outlook for Antofagasta plc (LON:ANTO)?

September 12, 2017 - By Marie Mckinney

 Can analysts adopt a bullish outlook for Antofagasta plc (LON:ANTO)?

Antofagasta plc (LON:ANTO) Ratings Coverage

Among 29 analysts covering Antofagasta PLC (LON:ANTO), 6 have Buy rating, 15 Sell and 8 Hold. Therefore 21% are positive. Antofagasta PLC had 339 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, January 20 the stock rating was maintained by Investec with “Sell”. On Wednesday, March 16 the stock rating was maintained by Jefferies with “Hold”. The stock has “Equal Weight” rating by Barclays Capital on Wednesday, October 21. The stock of Antofagasta plc (LON:ANTO) earned “Hold” rating by Deutsche Bank on Monday, September 5. The stock of Antofagasta plc (LON:ANTO) earned “Neutral” rating by Macquarie Research on Wednesday, August 30. The firm earned “Outperform” rating on Monday, February 8 by Bernstein. Credit Suisse maintained Antofagasta plc (LON:ANTO) rating on Wednesday, August 26. Credit Suisse has “Neutral” rating and GBX 640 target. Bernstein maintained Antofagasta plc (LON:ANTO) on Monday, November 23 with “Outperform” rating. The firm has “Equal Weight” rating given on Thursday, January 26 by Barclays Capital. The firm has “Neutral” rating given on Tuesday, February 2 by Haitong Securities. Below is a list of Antofagasta plc (LON:ANTO) latest ratings and price target changes.

08/09/2017 Broker: Berenberg Rating: Sell Old Target: GBX 690.00 New Target: GBX 760.00 Maintain
31/08/2017 Broker: Jefferies Rating: Buy Old Target: GBX 1000.00 New Target: GBX 1200.00 Upgrade
30/08/2017 Broker: Macquarie Research Rating: Neutral New Target: GBX 930.00 Maintain
24/08/2017 Broker: Jefferies Rating: Hold Old Target: GBX 800.00 New Target: GBX 1000.00 Maintain
24/08/2017 Broker: Citigroup Rating: Buy New Target: GBX 1100.00 Maintain
23/08/2017 Broker: Deutsche Bank Rating: Sell Old Target: GBX 700.00 New Target: GBX 800.00 Maintain
23/08/2017 Broker: JP Morgan Rating: Underweight Old Target: GBX 740.00 New Target: GBX 670.00 Maintain
23/08/2017 Broker: HSBC Rating: Reduce Old Target: GBX 720.00 New Target: GBX 730.00 Maintain
22/08/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 400.00 New Target: GBX 420.00 Maintain
14/08/2017 Broker: Berenberg Rating: Sell New Target: GBX 650.00 Maintain

About 2.06 million shares traded. Antofagasta plc (LON:ANTO) has 0.00% since September 12, 2016 and is . It has underperformed by 16.70% the S&P500.

Antofagasta plc is a copper mining company. The company has market cap of 9.95 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 40.6 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: “Copper Producer Argues for Metal’s Continued Run” on August 22, 2017.

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