Today: Today, Royal Bank Of Canada Downgraded Antofagasta plc (ANTO) Price Target to GBX 570

Today, Royal Bank Of Canada Downgraded Antofagasta plc (ANTO) Price Target to GBX 570

Antofagasta plc (LON:ANTO) had its target price lowered by research analysts at Royal Bank Of Canada from GBX 600 ($7.50) to GBX 570 ($7.12) in a research report issued to clients and investors on Monday. The brokerage presently has a “sector performer” rating on the mining company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 21.11% from the company’s current price.

Other research analysts have also recently issued reports about the stock. SP Angel restated a “hold” rating on shares of Antofagasta plc in a research report on Wednesday, July 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Antofagasta plc in a research report on Wednesday, July 13th. Canaccord Genuity increased their price target on shares of Antofagasta plc from GBX 475 ($5.93) to GBX 505 ($6.31) and gave the company a “hold” rating in a research report on Thursday, August 4th. Peel Hunt reiterated a “hold” rating and set a GBX 515 ($6.43) price target on shares of Antofagasta plc in a research report on Monday, August 15th. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 440 ($5.50) price target on shares of Antofagasta plc in a research report on Wednesday, July 27th. Ten equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Antofagasta plc currently has an average rating of “Hold” and a consensus target price of GBX 511.86 ($6.40).

Antofagasta plc (LON:ANTO) traded up 0.49% during mid-day trading on Monday, hitting GBX 722.50. 1,902,352 shares of the stock traded hands. Antofagasta plc has a 1-year low of GBX 340.60 and a 1-year high of GBX 789.00. The firm’s market capitalization is GBX 7.12 billion. The company has a 50-day moving average of GBX 592.46 and a 200 day moving average of GBX 507.67.

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