Antofagasta plc (LON:ANTO) Receives GBX 3,843.75 Average Target Price from Analysts

Antofagasta plc (LON:ANTO) has earned a consensus rating of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 3,843.75.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada cut Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a research note on Monday, July 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,400 price objective on shares of Antofagasta in a report on Friday, August 14th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,400 price objective on shares of Antofagasta in a research report on Friday, August 14th.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 3,898 on Monday. The stock has a 50 day moving average of GBX 3,791.51 and a 200 day moving average of GBX 3,810.72. The company has a market capitalization of £38.43 billion, a price-to-earnings ratio of 23.23, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 12 month low of GBX 2,135 and a 12 month high of GBX 4,475. The company has a current ratio of 2.58, a quick ratio of 2.78 and a debt-to-equity ratio of 75.57.

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.