Antofagasta’s (ANTO) “Sell” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Antofagasta (LON:ANTO)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 3,400 price objective on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 5.92% from the stock’s previous close.

A number of other research analysts have also weighed in on ANTO. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 target price for the company. in a report on Monday, July 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,400 price target on shares of Antofagasta in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a research note on Tuesday, June 9th. Finally, Citigroup upped their target price on shares of 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 assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of GBX 3,843.75.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 3,613.95 on Friday. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. Antofagasta has a fifty-two week low of GBX 2,077 and a fifty-two week high of GBX 4,475. The stock has a market cap of £35.63 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. The stock has a fifty day moving average of GBX 3,823.71 and a 200-day moving average of GBX 3,796.55.

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.