Berenberg Bank Has Lowered Expectations for Antofagasta (LON:ANTO) Stock Price

Antofagasta (LON:ANTO) had its target price lowered by equities research analysts at Berenberg Bank from GBX 4,600 to GBX 4,500 in a research report issued on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 34.13% from the stock’s current price.

Several other research analysts have also weighed in on ANTO. JPMorgan Chase & Co. dropped their price target on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 price objective for the company. in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,400 price objective on shares of Antofagasta in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Antofagasta presently has an average rating of “Hold” and a consensus target price of GBX 3,856.25.

Antofagasta Price Performance

ANTO opened at GBX 3,355 on Friday. The stock has a fifty day moving average of GBX 3,793.06 and a 200-day moving average of GBX 3,805.02. The firm has a market capitalization of £33.08 billion, a P/E ratio of 19.99, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 12-month low of GBX 2,499 and a 12-month high of GBX 4,475. The company has a quick ratio of 2.78, a current ratio of 2.58 and a debt-to-equity ratio of 75.57.

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.