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

Shares of Antofagasta plc (LON:ANTO) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 2,694.17.

ANTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Canaccord Genuity Group lifted their target price 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. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,900 price target on shares of Antofagasta in a research report on Tuesday, November 11th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research report on Friday, November 7th.

Antofagasta Trading Down 2.9%

Shares of ANTO stock opened at GBX 3,560 on Friday. The stock has a market capitalization of £35.10 billion, a PE ratio of 32.16, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 1-year low of GBX 1,278 and a 1-year high of GBX 3,678. The business has a 50-day moving average of GBX 3,052.75 and a 200 day moving average of GBX 2,556.17. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.