Antofagasta plc (LON:ANTO) Given Average Recommendation of “Reduce” by Analysts

Antofagasta plc (LON:ANTO) has earned a consensus recommendation of “Reduce” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 3,493.75.

Several brokerages have commented on ANTO. JPMorgan Chase & Co. raised their price target on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research note on Friday, April 10th. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and raised their price target for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price objective on shares of Antofagasta in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,700 price objective on shares of Antofagasta in a research note on Thursday, April 16th. Finally, Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and lowered their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd.

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 3,551 on Monday. The firm’s 50 day moving average is GBX 3,695.09 and its two-hundred day moving average is GBX 3,347.18. Antofagasta has a 52 week low of GBX 1,662.50 and a 52 week high of GBX 4,475. The firm has a market capitalization of £35.01 billion, a P/E ratio of 26.34, a PEG ratio of -1.08 and a beta of 1.38. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56.

Antofagasta (LON:ANTO) last announced its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. Analysts anticipate that Antofagasta will post 87.0403995 earnings per share for the current year.

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.