Antofagasta (LON:ANTO) had its price target lifted by Jefferies Financial Group from GBX 950 ($11.69) to GBX 1,000 ($12.31) in a report published on Wednesday, Stock Target Advisor reports. Jefferies Financial Group currently has a hold rating on the mining company’s stock.
Several other brokerages also recently issued reports on ANTO. UBS Group raised their price target on Antofagasta from GBX 830 ($10.21) to GBX 900 ($11.08) and gave the company a neutral rating in a research report on Thursday, June 25th. Royal Bank of Canada raised their price target on Antofagasta from GBX 600 ($7.38) to GBX 820 ($10.09) and gave the company an underperform rating in a research report on Thursday, June 18th. Deutsche Bank reaffirmed a hold rating on shares of Antofagasta in a research report on Thursday, July 2nd. Morgan Stanley lifted their target price on Antofagasta from GBX 680 ($8.37) to GBX 790 ($9.72) and gave the stock an underweight rating in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. upped their price target on Antofagasta from GBX 660 ($8.12) to GBX 700 ($8.61) and gave the company an underweight rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 875 ($10.77).
Shares of LON:ANTO opened at GBX 987 ($12.15) on Wednesday. The company has a market cap of $9.28 billion and a P/E ratio of 19.43. The stock’s 50-day moving average is GBX 892.34 and its 200-day moving average is GBX 837.69. Antofagasta has a 52-week low of GBX 575 ($7.08) and a 52-week high of GBX 993.80 ($12.23). The company has a debt-to-equity ratio of 29.33, a quick ratio of 1.95 and a current ratio of 2.33.
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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