Royal Bank Of Canada Reaffirms “Sector perform” Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a GBX 1,900 target price on the mining company’s stock. Royal Bank Of Canada’s price target points to a potential downside of 32.31% from the stock’s current price.

ANTO has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a research note on Thursday, November 6th. Berenberg Bank reissued a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a report on Friday, November 7th. Finally, Citigroup restated a “buy” rating and issued a GBX 2,300 price target on shares of Antofagasta in a research report on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,627.50.

Antofagasta Trading Up 1.4%

Shares of LON ANTO opened at GBX 2,807 on Tuesday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The stock’s 50 day moving average price is GBX 2,591.92 and its two-hundred day moving average price is GBX 2,137.34. Antofagasta has a 52-week low of GBX 1,278 and a 52-week high of GBX 2,877. The stock has a market capitalization of £27.67 billion, a P/E ratio of 25.36, a PEG ratio of -1.08 and a beta of 1.00.

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.