Antofagasta plc (LON:ANTO) Given Consensus Rating of “Reduce” by Analysts

Antofagasta plc (LON:ANTO) has earned a consensus rating of “Reduce” from the eight analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,843.75.

Several research analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 4,400 price objective on shares of Antofagasta in a report on Thursday. JPMorgan Chase & Co. raised Antofagasta to an “overweight” rating and lifted their target price for the stock from GBX 3,400 to GBX 4,500 in a report on Monday, July 6th. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 2,800 target price on shares of Antofagasta in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. Finally, Citigroup raised their price target on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th.

Antofagasta Trading Down 3.6%

Shares of LON:ANTO opened at GBX 3,460 on Friday. The stock has a market capitalization of £34.11 billion, a price-to-earnings ratio of 25.67, a PEG ratio of -1.08 and a beta of 1.41. 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’s 50-day simple moving average is GBX 3,935.02 and its two-hundred day simple moving average is GBX 3,754.12. Antofagasta has a 52-week low of GBX 1,837 and a 52-week 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.