Antofagasta (LON:ANTO) Earns Hold Rating from Berenberg Bank

Antofagasta (LON:ANTO)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 4,400 target price on the mining company’s stock. Berenberg Bank’s target price indicates a potential upside of 26.04% from the stock’s previous close.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Antofagasta to an “overweight” rating and boosted their target price for the company from GBX 3,400 to GBX 4,500 in a research report on Monday, July 6th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 2,800 price target on shares of Antofagasta in a research note on Friday, April 10th. Jefferies Financial Group restated a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 price objective on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Citigroup increased their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Antofagasta currently has an average rating of “Reduce” and an average price target of GBX 3,843.75.

Antofagasta Stock Down 2.7%

LON ANTO opened at GBX 3,491 on Thursday. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The company has a fifty day moving average of GBX 3,926.89 and a two-hundred day moving average of GBX 3,752.28. The firm has a market capitalization of £34.42 billion, a price-to-earnings ratio of 25.90, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 52 week low of GBX 1,837 and a 52 week 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.