Antofagasta plc 16.9% Potential Decrease Indicated by JP Morgan Cazenove

Broker Ratings
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Antofagasta plc using EPIC/TICKER code (LON:ANTO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. Antofagasta plc are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set their target price at 780 GBX on its stock. This would indicate that the analyst believes there is a downside of -16.9% from today’s opening price of 938.8 GBX. Over the last 30 and 90 trading days the company share price has increased 59 points and decreased 8.2 points respectively. The 1 year high for the stock price is 1026 GBX while the year low stock price is currently 727.6 GBX.

Antofagasta plc has a 50 day moving average of 899.27 GBX and a 200 Day Moving Average share price is recorded at 901.56. There are currently 985,856,695 shares in issue with the average daily volume traded being 1,926,927. Market capitalisation for LON:ANTO is £9,337,143,573 GBP.

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    Antofagasta PLC (LON:ANTO) reports resilient H1 2024 results with a 2% revenue increase, 5% EBITDA growth, and significant productivity improvements.

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