Royal Bank Of Canada Downgrades Antofagasta (LON:ANTO) to Underperform

Antofagasta (LON:ANTO) was downgraded by equities research analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Monday,Digital Look reports. They presently have a GBX 2,700 price target on the mining company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 26.37% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 4,400 price objective on shares of Antofagasta in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research report on Thursday, April 16th. JPMorgan Chase & Co. raised shares of Antofagasta to an “overweight” rating and lifted their price target for the company from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Finally, Citigroup raised their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Antofagasta has an average rating of “Reduce” and an average price target of GBX 3,831.25.

Antofagasta Trading Up 5.8%

LON ANTO opened at GBX 3,667 on Monday. The stock has a market cap of £36.15 billion, a PE ratio of 27.20, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 12 month low of GBX 1,850.50 and a 12 month high of GBX 4,475. The company’s 50-day moving average price is GBX 3,909.65 and its 200-day moving average price is GBX 3,759.89. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56.

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.