Antofagasta plc (LON:ANTO) Receives Average Rating of “Reduce” from Brokerages

Shares of Antofagasta plc (LON:ANTO) have been assigned an average rating of “Reduce” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 3,518.75.

ANTO has been the subject of several recent research reports. Morgan Stanley downgraded Antofagasta to an “underweight” rating and reduced their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and increased their price objective for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on Antofagasta from GBX 3,200 to GBX 3,400 and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a research note on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th.

Antofagasta Stock Down 0.1%

LON ANTO opened at GBX 4,070 on Friday. The business has a fifty day moving average price of GBX 3,673.55 and a 200 day moving average price of GBX 3,482.07. Antofagasta has a one year low of GBX 1,675.50 and a one year high of GBX 4,475. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The company has a market cap of £40.12 billion, a P/E ratio of 30.19, a P/E/G ratio of -1.08 and a beta of 1.35.

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.