Antofagasta plc’s Trend Up, Especially After Today’s Strong Session

 Antofagasta plc's Trend Up, Especially After Today's Strong Session

The stock of Antofagasta plc (LON:ANTO) is a huge mover today! The stock increased 1.84% or GBX 10.39 on November 8, hitting GBX 575.39. About 3.90M shares traded hands or 15.04% up from the average. Antofagasta plc (LON:ANTO) has risen 28.61% since April 11, 2016 and is uptrending. It has outperformed by 26.66% the S&P500.
The move comes after 7 months positive chart setup for the GBX 5.67 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 822.81 PT which if reached, will make LON:ANTO worth GBX 2.44B more.

Antofagasta plc (LON:ANTO) Ratings Coverage

Out of 29 analysts covering Antofagasta PLC (LON:ANTO), 4 rate it a “Buy”, 13 “Sell”, while 12 “Hold”. This means 14% are positive. GBX 1025 is the highest target while GBX 250 is the lowest. The GBX 487.65 average target is -15.25% below today’s (GBX 575.39) stock price. Antofagasta PLC has been the topic of 249 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, September 4 by Bernstein. The company was maintained on Friday, August 21 by RBC Capital Markets. The firm has “Underperform” rating given on Wednesday, October 28 by Credit Suisse. The rating was maintained by Bernstein with “Outperform” on Monday, November 2. Macquarie Research maintained the stock with “Underperform” rating in Monday, August 22 report. SP Angel maintained the shares of ANTO in a report on Wednesday, July 27 with “Hold” rating. The stock of Antofagasta plc (LON:ANTO) earned “Outperform” rating by Bernstein on Friday, October 23. The stock of Antofagasta plc (LON:ANTO) has “Reduce” rating given on Thursday, January 28 by Nomura. On Thursday, October 29 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Hold” rating by Jefferies given on Thursday, October 8.

Another recent and important Antofagasta plc (LON:ANTO) news was published by Bloomberg.com which published an article titled: “Years-Long Copper Glut Can Still Flush Out Deals for Antofagasta” on September 15, 2016.

Antofagasta plc is a copper mining company. The company has a market cap of 5.67 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 2480.11 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.

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