Antofagasta’s (ANTO) Sell Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their sell rating on shares of Antofagasta (LON:ANTO) in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 3,100 price target on the mining company’s stock.

Several other brokerages also recently commented on ANTO. Morgan Stanley downgraded Antofagasta to an “underweight” rating and dropped their price objective for the stock from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and raised their price objective for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a research note on Friday, April 10th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,700 price objective on shares of Antofagasta in a research note on Thursday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of GBX 3,243.75.

Antofagasta Stock Performance

ANTO stock opened at GBX 3,959 on Thursday. The company has a market cap of £39.03 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. Antofagasta has a twelve month low of GBX 1,537.50 and a twelve month high of GBX 4,475. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The business’s fifty day moving average is GBX 3,711.44 and its 200-day moving average is GBX 3,285.39.

Antofagasta (LON:ANTO) last issued its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. Equities research analysts forecast that Antofagasta will post 87.0403995 EPS for the current year.

Key Stories Impacting Antofagasta

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: U.S. Senate action overturning Minnesota’s mining ban removes a major regulatory roadblock for Antofagasta’s large Twin Metals / Thacker Pass‑adjacent copper opportunity, materially improving the project’s development prospects and long‑term copper production outlook. US Senate narrowly overturns Minnesota mining ban
• Positive Sentiment: Independent reporting highlights that the U.S. vote effectively “unlocks” a huge Antofagasta copper project in Minnesota — reinforcing investor expectations for larger future copper output from a high‑quality asset. U.S. vote unlocks huge Antofagasta copper project in Minnesota
• Positive Sentiment: Operational update: SMM’s morning notes flagged Antofagasta’s Q1 cash‑cost performance as strong, which supports margins and free cash flow even as LME/SHFE copper closed lower overnight — a net positive for fundamentals if sustained. Antofagasta’s Q1 Cash Cost Performed Strongly
• Neutral Sentiment: Jefferies reaffirmed a “hold” on ANTO with a GBX 3,700 target — a cautious signal but not a downgrade, so limited immediate directional impact compared with the project news. Jefferies hold reaffirmed
• Negative Sentiment: Deutsche Bank reiterated a “sell” rating and a GBX 3,100 target, which adds downward pressure from a well‑known broker and could weigh on sentiment if other analysts follow. Deutsche Bank sell reaffirmed
• Negative Sentiment: Berenberg lowered its stance to “hold” (noted as a downgrade) while still citing longer‑term upside — this downgrade contributes to mixed analyst tone around the stock. Berenberg lowers Antofagasta to ‘hold’

Antofagasta Company Profile

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.