Antofagasta plc (LON:ANTO) Plans Dividend Increase – $0.24 Per Share

Antofagasta plc (LON:ANTO) announced a dividend on Tuesday, February 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.24 per share by the mining company on Friday, May 10th. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Antofagasta’s previous dividend of $0.12. The official announcement can be accessed at this link.

Antofagasta Trading Up 2.6 %

Shares of ANTO opened at GBX 2,265 ($28.20) on Wednesday. The firm’s 50-day moving average price is GBX 1,915.48 and its 200-day moving average price is GBX 1,648.89. The firm has a market capitalization of £22.33 billion, a price-to-earnings ratio of 3,323.88, a PEG ratio of -1.08 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. Antofagasta has a 1-year low of GBX 1,280 ($15.93) and a 1-year high of GBX 2,336 ($29.08).

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ANTO shares. Citigroup reissued a “buy” rating and set a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a research note on Wednesday, January 31st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,550 ($19.30) target price on shares of Antofagasta in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research note on Tuesday, April 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,925 ($23.96) target price on shares of Antofagasta in a research note on Tuesday, February 20th. Finally, Bank of America reiterated a “buy” rating on shares of Antofagasta in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,619.38 ($20.16).

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.