Antofagasta plc (LON:ANTO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Antofagasta plc (LON:ANTO) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,137.50.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,500 target price on shares of Antofagasta in a research report on Friday, August 15th. Citigroup reissued a “buy” rating and issued a GBX 2,300 price objective on shares of Antofagasta in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a “hold” rating in a report on Monday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,700 price objective on shares of Antofagasta in a report on Thursday, July 24th. Finally, Berenberg Bank lifted their price objective on Antofagasta from GBX 2,100 to GBX 2,200 and gave the stock a “buy” rating in a report on Thursday, August 14th.

Antofagasta Trading Up 0.6%

Shares of Antofagasta stock opened at GBX 2,115 on Wednesday. Antofagasta has a 1 year low of GBX 1,278 and a 1 year high of GBX 2,171. The firm has a market cap of £26.06 billion, a PE ratio of 34.09, a P/E/G ratio of -1.08 and a beta of 1.00. The stock has a fifty day moving average price of GBX 1,906.46 and a 200-day moving average price of GBX 1,795.38. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

Antofagasta Company Profile

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.