Antofagasta (LON:ANTO) Hits New 12-Month Low – What’s Next?

Antofagasta plc (LON:ANTO)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 1,556.50 ($20.08) and last traded at GBX 1,577.50 ($20.35), with a volume of 7400072 shares changing hands. The stock had previously closed at GBX 1,682.50 ($21.70).

Analysts Set New Price Targets

ANTO has been the subject of several research analyst reports. Citigroup cut their target price on Antofagasta from GBX 2,800 ($36.12) to GBX 2,500 ($32.25) and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,400 ($30.96) price objective on shares of Antofagasta in a report on Friday, March 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($27.41) target price on shares of Antofagasta in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Antofagasta presently has an average rating of “Hold” and an average target price of GBX 2,185 ($28.19).

Antofagasta Stock Performance

The business’s fifty day moving average is GBX 1,779.33 and its two-hundred day moving average is GBX 1,759.51. The stock has a market capitalization of £17.45 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

Antofagasta Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be paid a $0.24 dividend. This is a boost from Antofagasta’s previous dividend of $0.08. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, April 17th. Antofagasta’s dividend payout ratio (DPR) is presently 41.91%.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.