Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, MarketBeat reports. They currently have a GBX 1,500 ($18.67) price target on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 33.33% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Bank of America reissued a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,925 ($23.96) price target on shares of Antofagasta in a research note on Wednesday. Citigroup restated a “buy” rating and set a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,550 ($19.30) target price on shares of Antofagasta in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,648.33 ($20.52).

Antofagasta Trading Down 0.6 %

Shares of Antofagasta stock opened at GBX 2,250 ($28.01) on Thursday. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The firm has a 50-day moving average of GBX 1,951.35 and a 200-day moving average of GBX 1,663.27. Antofagasta has a 52-week low of GBX 1,280 ($15.93) and a 52-week high of GBX 2,336 ($29.08). The stock has a market cap of £22.18 billion, a PE ratio of 3,358.21, a PEG ratio of -1.08 and a beta of 1.12.

Antofagasta Company Profile

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.