Antofagasta (LON:ANTO) Given “Hold” Rating at Deutsche Bank

Deutsche Bank reissued their hold rating on shares of Antofagasta (LON:ANTO) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

ANTO has been the topic of several other reports. HSBC started coverage on shares of Tullow Oil in a report on Tuesday, May 28th. They issued a hold rating on the stock. Liberum Capital restated a buy rating and issued a GBX 810 ($10.58) price objective on shares of in a report on Wednesday, July 3rd. Royal Bank of Canada restated an outperform rating and issued a GBX 670 ($8.75) price objective on shares of in a report on Friday, June 28th. BNP Paribas upgraded shares of Antofagasta from a neutral rating to an outperform rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a report on Friday, July 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Antofagasta presently has a consensus rating of Hold and a consensus target price of GBX 903.93 ($11.81).

Shares of ANTO opened at GBX 863 ($11.28) on Wednesday. The stock has a market cap of $8.51 billion and a price-to-earnings ratio of 15.66. Antofagasta has a 12-month low of GBX 713.20 ($9.32) and a 12-month high of GBX 1,026 ($13.41). The firm has a 50-day moving average of GBX 857.46. The company has a debt-to-equity ratio of 26.42, a quick ratio of 2.19 and a current ratio of 2.63.

Antofagasta Company Profile

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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