Berenberg Bank Has Lowered Expectations for Antofagasta (LON:ANTO) Stock Price

Antofagasta (LON:ANTO) had its price target cut by investment analysts at Berenberg Bank from GBX 4,600 to GBX 4,500 in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price objective points to a potential upside of 34.13% from the company’s current price.

Several other brokerages have also weighed in on ANTO. JPMorgan Chase & Co. cut their price objective on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Royal Bank Of Canada downgraded shares of Antofagasta to an “underperform” rating and set a GBX 2,700 target price for the company. in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,400 price target on shares of Antofagasta in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Antofagasta has a consensus rating of “Hold” and a consensus price target of GBX 3,856.25.

Antofagasta Stock Down 2.1%

Shares of Antofagasta stock opened at GBX 3,355 on Friday. The firm has a market cap of £33.08 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of -1.08 and a beta of 1.41. The stock has a 50-day simple moving average of GBX 3,793.06 and a 200-day simple moving average of GBX 3,805.02. Antofagasta has a 52-week low of GBX 2,499 and a 52-week high of GBX 4,475. The company has a debt-to-equity ratio of 75.57, a current ratio of 2.58 and a quick ratio of 2.78.

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.