Antofagasta plc (LON:ANTO) Stock Has Average Price Target of GBX 3,856.25 According to Brokerages

Antofagasta plc (LON:ANTO) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,856.25.

Several equities research analysts recently commented on ANTO shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 3,400 price target on shares of Antofagasta in a report on Friday, August 14th. Berenberg Bank reduced their target price on Antofagasta from GBX 4,600 to GBX 4,500 and set a “buy” rating for the company in a report on Friday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research note on Friday, August 14th. Finally, Royal Bank Of Canada lowered shares of Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a research note on Monday, July 20th.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 3,077 on Tuesday. The company has a debt-to-equity ratio of 75.57, a current ratio of 2.58 and a quick ratio of 2.78. The stock has a market capitalization of £30.33 billion, a price-to-earnings ratio of 18.34, a PEG ratio of -1.08 and a beta of 1.41. The firm’s 50 day simple moving average is GBX 3,721.66 and its 200-day simple moving average is GBX 3,800.97. Antofagasta has a 12 month low of GBX 2,499 and a 12 month high of GBX 4,475.

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.