Antofagasta plc (LON:ANTO) Given Consensus Rating of “Hold” by Brokerages

Antofagasta plc (LON:ANTO) has been given an average rating of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,992.86.

A number of analysts have recently weighed in on ANTO shares. Deutsche Bank Aktiengesellschaft raised their price objective on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Morgan Stanley downgraded Antofagasta to an “underweight” rating and lowered their price target for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research report on Friday, November 7th. Finally, Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and boosted their target price for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th.

Antofagasta Price Performance

LON ANTO opened at GBX 3,648 on Wednesday. The firm’s fifty day simple moving average is GBX 3,378.39 and its two-hundred day simple moving average is GBX 2,776.39. The firm has a market capitalization of £35.96 billion, a P/E ratio of 32.95, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 12-month low of GBX 1,278 and a 12-month high of GBX 4,176.

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.