Antofagasta plc (LON:ANTO) Receives Average Rating of “Reduce” from Brokerages

Shares of Antofagasta plc (LON:ANTO) have received an average rating of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 3,831.25.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Antofagasta to an “overweight” rating and raised their target price for the company from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Citigroup boosted their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,400 price target on shares of Antofagasta in a report on Thursday, July 16th. Royal Bank Of Canada lowered shares of Antofagasta to an “underperform” rating and set a GBX 2,700 price objective for the company. in a research report on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a research note on Tuesday, June 9th.

Antofagasta Stock Down 4.7%

Shares of ANTO stock opened at GBX 3,838 on Thursday. Antofagasta has a 1 year low of GBX 2,077 and a 1 year high of GBX 4,475. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The business’s fifty day moving average is GBX 3,831.35 and its 200-day moving average is GBX 3,794.68. The stock has a market cap of £37.84 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41.

Antofagasta Company Profile

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.