Antofagasta plc (LON:ANTO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Antofagasta plc (LON:ANTO) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,005.71 ($24.54).

Several research analysts have recently commented on the company. Citigroup reduced their target price on Antofagasta from GBX 2,800 ($34.26) to GBX 2,500 ($30.59) and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd.

Antofagasta Price Performance

LON:ANTO opened at GBX 1,702.50 ($20.83) on Tuesday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The firm has a market cap of £16.78 billion, a PE ratio of 2,885.59, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 12 month low of GBX 1,538 ($18.82) and a 12 month high of GBX 2,425 ($29.67). The company’s 50-day moving average price is GBX 1,684.22 and its two-hundred day moving average price is GBX 1,840.96.

About Antofagasta

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.