Antofagasta plc (LON:ANTO) Given Average Rating of “Reduce” by Analysts

Antofagasta plc (LON:ANTO) has received a consensus rating of “Reduce” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,618.75.

A number of equities research analysts recently weighed in on ANTO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a research note on Thursday, April 16th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 2,800 target price on shares of Antofagasta in a research note on Friday, April 10th. Berenberg Bank reissued a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a research note on Thursday, April 16th. Jefferies Financial Group reissued a “hold” rating and set a GBX 4,500 price target on shares of Antofagasta in a research note on Tuesday, June 9th. Finally, Citigroup lifted 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.

Antofagasta Trading Up 6.0%

Shares of ANTO opened at GBX 4,287.09 on Tuesday. The firm’s 50 day simple moving average is GBX 3,874.43 and its 200 day simple moving average is GBX 3,618.10. The company has a market capitalization of £42.26 billion, a P/E ratio of 31.80, a P/E/G 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 has a 1-year low of GBX 1,675.50 and a 1-year high of GBX 4,475.

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.