Antofagasta’s (ANTO) Underperform Rating Reaffirmed at Royal Bank of Canada

Antofagasta (LON:ANTOGet Rating)‘s stock had its “underperform” rating reissued by stock analysts at Royal Bank of Canada in a report issued on Monday, MarketBeat reports. They currently have a GBX 1,300 ($16.03) price objective on the mining company’s stock. Royal Bank of Canada’s target price points to a potential downside of 7.22% from the company’s previous close.

Several other equities analysts have also issued reports on ANTO. JPMorgan Chase & Co. restated a “neutral” rating on shares of Antofagasta in a research report on Friday. Liberum Capital downgraded shares of Antofagasta to a “sell” rating and set a GBX 1,200 ($14.79) target price for the company. in a research note on Thursday, January 20th. Morgan Stanley reissued an “underweight” rating on shares of Antofagasta in a research report on Wednesday, May 11th. Barclays restated an “overweight” rating and issued a GBX 1,645 ($20.28) price objective on shares of Antofagasta in a research report on Monday. Finally, Peel Hunt reiterated an “add” rating and set a GBX 1,550 ($19.11) target price on shares of Antofagasta in a report on Wednesday, January 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,453.89 ($17.92).

ANTO stock opened at GBX 1,401.20 ($17.27) on Monday. Antofagasta has a twelve month low of GBX 1,198.50 ($14.77) and a twelve month high of GBX 1,799.50 ($22.18). The company has a quick ratio of 3.10, a current ratio of 3.43 and a debt-to-equity ratio of 28.77. The company has a market cap of £13.81 billion and a P/E ratio of 13.16. The business’s fifty day moving average is GBX 1,595.07 and its 200-day moving average is GBX 1,462.76.

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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Analyst Recommendations for Antofagasta (LON:ANTO)

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