Antofagasta plc (LON:ANTO) Given Average Rating of “Moderate Buy” by Analysts

Antofagasta plc (LON:ANTO) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 2,454.17.

A number of brokerages have weighed in on ANTO. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their target price on Antofagasta from GBX 2,500 to GBX 3,500 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Berenberg Bank increased their price objective on Antofagasta from GBX 2,200 to GBX 2,900 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a research report on Monday, August 4th. Finally, Citigroup reiterated a “buy” rating and set a GBX 2,300 price objective on shares of Antofagasta in a research report on Friday, August 15th.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 2,780 on Thursday. The firm has a market capitalization of £27.41 billion, a P/E ratio of 2,511.29, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The stock’s 50-day simple moving average is GBX 2,347.69 and its two-hundred day simple moving average is GBX 1,964.47. Antofagasta has a twelve month low of GBX 1,278 and a twelve month high of GBX 2,875.

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.