Antofagasta’s (ANTO) “Sector perform” Rating Reaffirmed at Royal Bank Of Canada

Antofagasta (LON:ANTO)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 2,700 price objective on the mining company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 24.90% from the stock’s current price.

ANTO has been the subject of several other reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group boosted their price target on Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price target on shares of Antofagasta in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on Antofagasta from GBX 3,400 to GBX 3,500 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Antofagasta presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,827.50.

Antofagasta Price Performance

Shares of Antofagasta stock traded up GBX 48 during trading on Wednesday, hitting GBX 3,595. 111,257,891 shares of the stock traded hands, compared to its average volume of 11,432,679. The firm’s fifty day moving average is GBX 3,085.47 and its 200-day moving average is GBX 2,588.91. The stock has a market cap of £35.44 billion, a price-to-earnings ratio of 32.48, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 3,678. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

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.