Antofagasta plc (LON:ANTO) Receives Average Rating of “Reduce” from Analysts

Shares of Antofagasta plc (LON:ANTO) have earned an average rating of “Reduce” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 3,756.25.

A number of analysts recently issued reports on the company. Citigroup raised their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,700 target price on shares of Antofagasta in a research report on Thursday, April 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 2,800 price target on shares of Antofagasta in a research note on Friday, April 10th.

Antofagasta Trading Up 1.7%

LON:ANTO traded up GBX 62 on Friday, reaching GBX 3,778. The company’s stock had a trading volume of 537,884 shares, compared to its average volume of 16,980,193. Antofagasta has a 12-month low of GBX 1,811 and a 12-month high of GBX 4,475. The stock has a 50 day moving average price of GBX 3,933.32 and a 200 day moving average price of GBX 3,735.85. The firm has a market cap of £37.25 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56.

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.