Antofagasta plc (LON:ANTO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Antofagasta plc (LON:ANTO) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 2,454.17.

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a “hold” rating in a research note on Monday, August 4th. Berenberg Bank reissued a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a report on Friday. Citigroup restated a “buy” rating and issued a GBX 2,300 target price on shares of Antofagasta in a research report on Friday, August 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research note on Thursday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,900 price target on shares of Antofagasta in a research report on Friday, October 10th.

Antofagasta Stock Down 0.8%

ANTO stock opened at GBX 2,723 on Monday. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1-year low of GBX 1,278 and a 1-year high of GBX 2,877. The stock has a market cap of £26.84 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company’s 50 day moving average is GBX 2,554.92 and its 200 day moving average is GBX 2,110.69.

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.