Antofagasta plc (LON:ANTO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Antofagasta plc (LON:ANTO) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 2,694.17.

A number of equities analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their target price on Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,900 price target on shares of Antofagasta in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a report on Tuesday, November 11th.

Antofagasta Stock Performance

LON ANTO opened at GBX 3,560 on Friday. Antofagasta has a 52-week low of GBX 1,278 and a 52-week high of GBX 3,678. The company has a fifty day moving average of GBX 3,052.75 and a 200-day moving average of GBX 2,556.17. The company has a market capitalization of £35.10 billion, a P/E ratio of 32.16, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

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.