Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,992.86

Antofagasta plc (LON:ANTO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,992.86.

Several research firms have recently weighed in on ANTO. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and boosted their target price for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Berenberg Bank restated a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research report on Friday, November 7th. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and cut their target price for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a research report on Wednesday, January 21st.

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 3,711 on Wednesday. The company’s fifty day moving average price is GBX 3,426.52 and its 200 day moving average price is GBX 2,802.44. Antofagasta has a 12 month low of GBX 1,278 and a 12 month high of GBX 4,176. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The firm has a market capitalization of £36.59 billion, a P/E ratio of 33.52, a P/E/G ratio of -1.08 and a beta of 1.00.

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.