Berenberg Bank Reaffirms “Buy” Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 2,100 ($27.87) price objective on the mining company’s stock. Berenberg Bank’s price target would indicate a potential upside of 11.11% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,700 ($22.56) price objective on shares of Antofagasta in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Antofagasta from GBX 2,400 ($31.86) to GBX 2,500 ($33.18) and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Citigroup upped their price target on Antofagasta from GBX 2,000 ($26.55) to GBX 2,200 ($29.20) and gave the stock a “buy” rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,104.17 ($27.93).

Antofagasta Stock Up 0.7%

LON:ANTO opened at GBX 1,890 ($25.09) on Thursday. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The firm’s 50-day moving average price is GBX 1,856.61 and its 200-day moving average price is GBX 1,769.35. The company has a market capitalization of £23.29 billion, a PE ratio of 30.47, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 1-year low of GBX 1,278 ($16.96) and a 1-year high of GBX 2,097.50 ($27.84).

About Antofagasta

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.