Antofagasta (LON:ANTO) Upgraded to “Hold” at Liberum Capital

Antofagasta (LON:ANTO) was upgraded by stock analysts at Liberum Capital to a “hold” rating in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued research reports about the company. Citigroup reaffirmed a “buy” rating and set a GBX 1,100 ($14.37) price objective (up previously from GBX 980 ($12.81)) on shares of Antofagasta in a report on Monday, March 25th. UBS Group reaffirmed a “neutral” rating on shares of Antofagasta in a report on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 860 ($11.24) price objective (down previously from GBX 870 ($11.37)) on shares of Antofagasta in a report on Thursday, April 25th. Barclays reissued an “underweight” rating on shares of Antofagasta in a report on Wednesday, May 8th. Finally, HSBC raised their price target on Antofagasta from GBX 790 ($10.32) to GBX 800 ($10.45) and gave the stock a “reduce” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Antofagasta presently has an average rating of “Hold” and an average price target of GBX 901.92 ($11.79).

Shares of ANTO stock opened at GBX 850 ($11.11) on Wednesday. The stock has a market cap of $8.47 billion and a price-to-earnings ratio of 15.43. Antofagasta has a 1 year low of GBX 713.20 ($9.32) and a 1 year high of GBX 1,111.50 ($14.52). The company has a debt-to-equity ratio of 26.42, a quick ratio of 2.19 and a current ratio of 2.63.

Antofagasta Company Profile

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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