Antofagasta (LON:ANTO) had its price objective lowered by Barclays from GBX 740 ($9.11) to GBX 725 ($8.92) in a research report released on Wednesday morning, Stock Target Advisor reports. Barclays currently has an underweight rating on the mining company’s stock.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Antofagasta from GBX 660 ($8.12) to GBX 700 ($8.61) and gave the stock an underweight rating in a report on Thursday, April 30th. Jefferies Financial Group raised their target price on Antofagasta from GBX 950 ($11.69) to GBX 1,000 ($12.31) and gave the company a hold rating in a research note on Wednesday. Peel Hunt restated a hold rating on shares of Antofagasta in a research note on Tuesday. Deutsche Bank restated a hold rating on shares of Antofagasta in a research note on Thursday, July 2nd. Finally, Morgan Stanley raised their target price on Antofagasta from GBX 680 ($8.37) to GBX 790 ($9.72) and gave the company an underweight rating in a research note on Tuesday, June 9th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 875 ($10.77).
LON ANTO opened at GBX 987 ($12.15) on Wednesday. Antofagasta has a fifty-two week low of GBX 575 ($7.08) and a fifty-two 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. The stock has a 50 day simple moving average of GBX 892.34 and a two-hundred day simple moving average of GBX 837.69. The stock has a market cap of $9.28 billion and a P/E ratio of 19.43.
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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