Antofagasta plc (LON:ANTO) Stock Has Average Target Price of GBX 3,856.25 According to Brokerages

Antofagasta plc (LON:ANTO) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,856.25.

Several brokerages have recently weighed in on ANTO. Berenberg Bank decreased their price objective on Antofagasta from GBX 4,600 to GBX 4,500 and set a “buy” rating for the company in a report on Friday, October 16th. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,400 price target on shares of Antofagasta in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. decreased their price target 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.

Antofagasta Trading Up 1.6%

Shares of LON:ANTO opened at GBX 3,226 on Tuesday. The company’s 50-day moving average price is GBX 3,696.34 and its two-hundred day moving average price is GBX 3,754.26. Antofagasta has a one year low of GBX 2,499 and a one year 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. The stock has a market capitalization of £31.80 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41.

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.