Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 3,756.25

Shares of Antofagasta plc (LON:ANTO) have been assigned an average rating of “Reduce” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,756.25.

A number of analysts have issued reports on ANTO shares. Citigroup boosted their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upgraded shares of Antofagasta to an “overweight” rating and lifted their price objective for the company from GBX 3,400 to GBX 4,500 in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price objective on shares of Antofagasta in a report on Thursday, April 16th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a report on Thursday, April 16th.

Antofagasta Stock Performance

Shares of Antofagasta stock opened at GBX 3,701 on Friday. The business has a 50-day moving average of GBX 3,943.16 and a 200 day moving average of GBX 3,747.90. Antofagasta has a 12 month low of GBX 1,811 and a 12 month high of GBX 4,475. The stock has a market capitalization of £36.49 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78.

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.