Antofagasta plc (LON:ANTO) Receives GBX 3,843.75 Average Target Price from Analysts

Shares of Antofagasta plc (LON:ANTO) have received a consensus rating of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 3,843.75.

ANTO has been the topic of several research analyst reports. Berenberg Bank reissued a “hold” rating and issued a GBX 4,400 price target on shares of Antofagasta in a report on Friday, August 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,400 target price on shares of Antofagasta in a research report on Friday, August 14th. Royal Bank Of Canada downgraded Antofagasta to an “underperform” rating and set a GBX 2,700 price objective for the company. in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research report on Friday, August 14th.

Antofagasta Stock Performance

LON ANTO opened at GBX 3,834.07 on Monday. The stock has a market cap of £37.80 billion, a PE ratio of 28.44, a P/E/G ratio of -1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 75.57, a quick ratio of 2.78 and a current ratio of 2.58. The firm has a 50-day moving average of GBX 3,786.87 and a 200-day moving average of GBX 3,807.96. Antofagasta has a 52-week low of GBX 2,132 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.