Royal Bank of Canada Reaffirms Underperform Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTOGet Rating)‘s stock had its “underperform” rating reissued by equities researchers at Royal Bank of Canada in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 1,300 ($16.24) target price on the mining company’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 14.73% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Morgan Stanley reissued an “underweight” rating and issued a GBX 1,500 ($18.74) price objective on shares of Antofagasta in a report on Thursday, April 14th. Liberum Capital downgraded shares of Antofagasta to a “sell” rating and set a GBX 1,200 ($14.99) price target on the stock. in a report on Thursday, January 20th. JPMorgan Chase & Co. decreased their price objective on shares of Antofagasta from GBX 1,350 ($16.86) to GBX 1,340 ($16.74) and set a “neutral” rating for the company in a research note on Wednesday, February 23rd. Peel Hunt reiterated an “add” rating and issued a GBX 1,550 ($19.36) price objective on shares of Antofagasta in a research note on Wednesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Antofagasta from GBX 1,300 ($16.24) to GBX 1,500 ($18.74) and gave the stock a “hold” rating in a report on Tuesday, April 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,453.89 ($18.16).

LON ANTO opened at GBX 1,524.50 ($19.04) on Wednesday. The company has a market cap of £15.03 billion and a price-to-earnings ratio of 14.61. The company has a debt-to-equity ratio of 28.77, a current ratio of 3.43 and a quick ratio of 3.10. The stock’s fifty day moving average price is GBX 1,612.49 and its 200 day moving average price is GBX 1,462.79. Antofagasta has a 1 year low of GBX 1,198.50 ($14.97) and a 1 year high of GBX 1,968.50 ($24.59).

About Antofagasta (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.

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