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

Shares of Antofagasta plc (LON:ANTO) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 2,694.17.

Several equities research analysts have commented on ANTO shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a report on Tuesday, November 11th. Canaccord Genuity Group upped their price target on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Berenberg Bank restated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Antofagasta from GBX 3,400 to GBX 3,500 and gave the company an “overweight” rating in a report on Wednesday, December 3rd.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 3,168 on Tuesday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The stock has a market cap of £31.23 billion, a P/E ratio of 28.62, a P/E/G ratio of -1.08 and a beta of 1.00. The business’s 50 day moving average price is GBX 2,802.19 and its 200-day moving average price is GBX 2,354.34. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 3,186.

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.