Antofagasta plc 7.7% potential upside indicated by Peel Hunt LLP

Antofagasta plc with ticker (LON:ANTO) now has a potential upside of 7.7% according to Peel Hunt LLP.



Peel Hunt LLP set a target price of 1,550 GBX for the company, which when compared to the Antofagasta plc share price of 1,430 GBX at opening today (29/10/2021) indicates a potential upside of 7.7%. Trading has ranged between 993 (52 week low) and 1,972 (52 week high) with an average of 1,956,729 shares exchanging hands daily. The market capitalisation at the time of writing is £14,104,818,691.

Antofagasta plc is a copper mining company. The Company operates four copper mines in Chile, two of which produce by-products. In addition to mining, the Company has a transport division providing rail and road cargo services in northern Chile predominantly to mining customers, which include the Company’s own operations. The Company’s segments include Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. Los Pelambres produces primarily copper concentrate and molybdenum as a by-product. Centinela produces copper concentrate containing gold as a by-product, molybdenum concentrates and copper cathodes. Antucoya and Zaldivar produce copper cathodes. The transport division provides rail cargo and road cargo transport together with its ancillary services.