In a report released today, Liam Fitzpatrick from Deutsche Bank maintained a Hold rating on Antofagasta, with a price target of £23.00. The company’s shares opened today at p2,840.00.
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According to TipRanks, Fitzpatrick is a 4-star analyst with an average return of 9.8% and a 58.61% success rate. Fitzpatrick covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Teck Resources, and Anglo American.
In addition to Deutsche Bank , Antofagasta also received a Hold from Morgan Stanley’s Ioannis Masvoulas in a report issued yesterday. However, on the same day, Berenberg Bank maintained a Buy rating on Antofagasta (LSE: ANTO).
Based on Antofagasta’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p1.9 billion and a net profit of p260.8 million. In comparison, last year the company earned a revenue of p2.96 billion and had a net profit of p259.6 million
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- Antofagasta price target raised to 2,970 GBp from 1,940 GBp at Morgan Stanley
- Antofagasta price target raised to 2,900 GBp from 2,200 GBp at Berenberg
- Antofagasta downgraded to Underperform from Sector Perform at Scotiabank
- Antofagasta price target raised to 3,000 GBp from 2,400 GBp at Citi
- Antofagasta downgraded to Market Perform from Outperform at Bernstein
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