Morgan Stanley reaffirmed their underweight rating on shares of Antofagasta (LON:ANTO – Get Rating) in a research report released on Thursday morning, MarketBeat reports. Morgan Stanley currently has a GBX 1,500 ($19.55) target price on the mining company’s stock.
Several other research analysts have also weighed in on ANTO. Peel Hunt reissued an add rating and issued a GBX 1,550 ($20.20) price objective on shares of Antofagasta in a research report on Wednesday, January 19th. Citigroup reissued a neutral rating and issued a GBX 1,500 ($19.55) price objective on shares of Antofagasta in a research report on Wednesday, December 15th. JPMorgan Chase & Co. reduced their target price on Antofagasta from GBX 1,350 ($17.59) to GBX 1,340 ($17.46) and set a neutral rating for the company in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 1,300 ($16.94) to GBX 1,500 ($19.55) and gave the company a hold rating in a research note on Tuesday, April 5th. Finally, Barclays restated an overweight rating and issued a GBX 1,600 ($20.85) target price on shares of Antofagasta in a research note on Monday, March 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of GBX 1,454.44 ($18.95).
ANTO stock opened at GBX 1,676.50 ($21.85) on Thursday. The stock has a 50-day moving average price of GBX 1,559.83 and a 200-day moving average price of GBX 1,446.35. Antofagasta has a 1-year low of GBX 1,198.50 ($15.62) and a 1-year high of GBX 1,972 ($25.70). The company has a current ratio of 3.43, a quick ratio of 3.10 and a debt-to-equity ratio of 28.77. The firm has a market cap of £16.53 billion and a PE ratio of 16.75.
Antofagasta Company Profile (Get Rating)
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
- UiPath Stock is Nearing Rock Bottom Down Here
- 3 Undervalued S&P 500 Stocks to Buy Now
Receive News & Ratings for Antofagasta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta and related companies with MarketBeat.com's FREE daily email newsletter.