Antofagasta (LON:ANTO) Lowered to Underperform Rating by Royal Bank Of Canada

Antofagasta (LON:ANTO) was downgraded by analysts at Royal Bank Of Canada to an “underperform” rating in a research report issued on Monday,Digital Look reports. They currently have a GBX 2,700 target price on the mining company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 22.39% from the company’s previous close.

ANTO has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of Antofagasta to an “overweight” rating and boosted their target price for the company from GBX 3,400 to GBX 4,500 in a report on Monday, July 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,400 price target on shares of Antofagasta in a report on Thursday. Jefferies Financial Group reissued a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a research note on Tuesday, June 9th. Citigroup increased their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of GBX 3,831.25.

Antofagasta Trading Down 0.3%

LON ANTO opened at GBX 3,479 on Monday. The company has a market cap of £34.30 billion, a P/E ratio of 25.81, a P/E/G ratio of -1.08 and a beta of 1.41. Antofagasta has a 12 month low of GBX 1,850.50 and a 12 month high of GBX 4,475. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The company has a 50-day moving average of GBX 3,926.89 and a 200-day moving average of GBX 3,756.09.

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.