Antofagasta plc (LON:ANTO) Stock Has Average Price Target of GBX 3,843.75 According to Analysts

Antofagasta plc (LON:ANTO) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 3,843.75.

Several equities research analysts recently issued reports on ANTO shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,400 target price on shares of Antofagasta in a research note on Friday, August 14th. Berenberg Bank raised Antofagasta to a “buy” rating and set a GBX 4,400 price target on the stock in a report on Monday, September 14th. Royal Bank Of Canada downgraded Antofagasta to an “underperform” rating and set a GBX 2,700 price target on the stock. in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their price objective on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a report on Friday, August 14th.

Antofagasta Stock Up 2.5%

ANTO opened at GBX 3,743 on Friday. The stock has a market capitalization of £36.90 billion, a price-to-earnings ratio of 22.31, a PEG ratio of -1.08 and a beta of 1.41. The firm has a 50 day moving average price of GBX 3,799.86 and a 200-day moving average price of GBX 3,780.97. Antofagasta has a twelve month low of GBX 2,499 and a twelve 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.

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.