Antofagasta plc (LON:ANTO) Receives Average Rating of “Hold” from Analysts

Shares of Antofagasta plc (LON:ANTO) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,992.86.

A number of equities research analysts recently commented on ANTO shares. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and upped their target price for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,700 target price on shares of Antofagasta in a research report on Wednesday, January 21st. Finally, Morgan Stanley downgraded Antofagasta to an “underweight” rating and cut their price target for the stock from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd.

Antofagasta Stock Down 4.5%

Shares of ANTO stock opened at GBX 3,648 on Wednesday. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 4,176. The firm has a market capitalization of £35.96 billion, a PE ratio of 32.95, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The stock’s 50-day simple moving average is GBX 3,378.39 and its 200-day simple moving average is GBX 2,776.39.

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.