Antofagasta (LON:ANTO) Given Sell Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their sell rating on shares of Antofagasta (LON:ANTO) in a research note released on Friday morning, MarketBeat Ratings reports. They currently have a GBX 3,400 target price on the mining company’s stock.

A number of other brokerages have also recently commented on ANTO. Royal Bank Of Canada cut Antofagasta to an “underperform” rating and set a GBX 2,700 price target for the company. in a research note on Monday, July 20th. Citigroup boosted their price objective 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. JPMorgan Chase & Co. cut their price target on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research report on Tuesday, June 9th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 4,400 target price on shares of Antofagasta in a report on Friday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 3,843.75.

Antofagasta Stock Down 4.6%

Shares of LON ANTO opened at GBX 3,585 on Friday. 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 stock has a market capitalization of £35.34 billion, a P/E ratio of 26.59, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 52 week low of GBX 2,077 and a 52 week high of GBX 4,475. The stock’s fifty day moving average is GBX 3,816.01 and its 200 day moving average is GBX 3,795.07.

More Antofagasta News

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Higher copper prices boosted Antofagasta’s earnings despite a decline in production, providing support for revenue and profitability. Antofagasta earnings boosted by copper prices despite output drop
• Positive Sentiment: JPMorgan maintained an “overweight” rating, indicating a favorable view of the shares, although it lowered its price target from GBX 4,500 to GBX 4,300. JPMorgan broker rating
• Neutral Sentiment: Berenberg reaffirmed its “hold” rating and set a GBX 4,400 target, suggesting potential upside but limited conviction following the production outlook reduction. Berenberg broker rating
• Negative Sentiment: Antofagasta cut its 2026 copper-production forecast, citing operational challenges in Chile. The guidance reduction triggered a sharp sell-off and weighed on the broader FTSE 100. Antofagasta cuts 2026 copper production forecast
• Negative Sentiment: Reports that roughly $2 billion in profit was overshadowed by Chilean copper-production problems reinforce investor concerns that operational weakness could persist despite supportive metal prices. Antofagasta’s $2B profit eclipsed by Chile copper woes
• Negative Sentiment: Deutsche Bank reaffirmed its “sell” rating with a GBX 3,400 target, below the company’s recent trading level, highlighting valuation and execution concerns. Deutsche Bank broker rating

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.