Antofagasta’s (ANTO) Hold Rating Reaffirmed at Jefferies Financial Group

Antofagasta (LON:ANTO)‘s stock had its “hold” rating reissued by analysts at Jefferies Financial Group in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 4,500 price target on the mining company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 12.36% from the company’s previous close.

Several other equities research analysts have also issued reports on ANTO. Berenberg Bank reiterated a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a report on Thursday, April 16th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a research report on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Antofagasta from GBX 3,200 to GBX 3,400 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Citigroup raised their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Antofagasta has a consensus rating of “Reduce” and an average price target of GBX 3,618.75.

Antofagasta Stock Performance

Shares of LON ANTO opened at GBX 4,005 on Tuesday. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. Antofagasta has a one year low of GBX 1,675.50 and a one year high of GBX 4,475. The business’s 50-day moving average price is GBX 3,811.47 and its two-hundred day moving average price is GBX 3,570.84. The company has a market capitalization of £39.48 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41.

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.