Antofagasta plc (LON:ANTO) Stock Has Average Price Target of GBX 3,843.75 According to Analysts

Antofagasta plc (LON:ANTO) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,843.75.

ANTO has been the subject of several recent research reports. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 target price for the company. in a report on Monday, July 20th. Jefferies Financial Group restated a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,400 price objective on shares of Antofagasta in a research note on Friday, August 14th. JPMorgan Chase & Co. dropped their target price on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Finally, Berenberg Bank upgraded Antofagasta to a “buy” rating and set a GBX 4,400 target price on the stock in a research note on Monday, September 14th.

Antofagasta Stock Performance

Shares of LON ANTO opened at GBX 3,736 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.58 and a debt-to-equity ratio of 75.57. The firm’s 50-day moving average price is GBX 3,800.64 and its two-hundred day moving average price is GBX 3,782.64. Antofagasta has a 52-week low of GBX 2,499 and a 52-week high of GBX 4,475. The stock has a market capitalization of £36.83 billion, a P/E ratio of 22.26, a P/E/G ratio of -1.08 and a beta of 1.41.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.