Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,694.17

Antofagasta plc (LON:ANTO) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat.com 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 price target among analysts that have updated their coverage on the stock in the last year is GBX 2,694.17.

ANTO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Canaccord Genuity Group increased their price objective on Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,900 target price on shares of Antofagasta in a research note on Tuesday, November 11th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,900 price target on shares of Antofagasta in a research report on Friday, November 7th.

Antofagasta Price Performance

Shares of Antofagasta stock opened at GBX 3,612.64 on Friday. Antofagasta has a one year low of GBX 1,278 and a one year high of GBX 3,678. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The stock has a market capitalization of £35.62 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The business’s 50 day simple moving average is GBX 3,070 and its two-hundred day simple moving average is GBX 2,577.60.

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.