# Antofagasta plc 19.0% potential upside indicated by Bank of America

- Link: https://www.directorstalkinterviews.com/antofagasta-plc-19-0-potential-upside-indicated-by-bank-of-america/4121163321
- Published: 2024-07-01T13:41:22+01:00
- Author: Charlotte Edwards

**[Antofagasta plc](https://www.directorstalkinterviews.com/ftse-company/antofagasta-plc/anto.l)**
with ticker (LON:ANTO) now has a potential upside of 19.0% according to Bank of 
America.
ANTO.LBank of America set a target price of 2,520 GBX for the company, 
which when compared to the Antofagasta plc share price of 2,117 GBX at opening today(
01/07/2024) indicates a potential upside of 19.0%. Trading has ranged between 1,280(
52 week low) and 2,425 (52 week high) with an average of 1,437,770 shares exchanging
hands daily. The market capitalisation at the time of writing is £20,731,770,440.
Antofagasta plc is a United Kingdom-based copper mining company with interests in
transport. The Company’s operations are related to mining and exploration activities
and the transport of rail and road cargo. The Company’s divisions include Mining
and Transport. Through its Mining division, the Company owns and operates four mines:
Los Pelambres is located in the Coquimbo Region of central Chile, and Centinela,
Antucoya and Zaldivar, which are in the Antofagasta Region of northern Chile. These
mines produce copper cathodes, copper concentrates and significant volumes of by-
products. The Transport division provides rail and road cargo services in northern
Chile, predominantly to mining customers, including the Company’s own operations.
Ferrocarril de Antofagasta a Bolivia is the corporate name of its Transport division.
In Chile, it is pursuing brownfield and greenfield projects, and in other countries,
it has generative programs, identifying early-stage projects.

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