Royal Bank Of Canada Reiterates Underperform Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “underperform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Friday, MarketBeat reports. They currently have a GBX 2,800 price target on the mining company’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 26.08% from the company’s previous close.

Several other research firms also recently issued reports on ANTO. JPMorgan Chase & Co. lifted their price target on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research report on Friday. Canaccord Genuity Group cut Antofagasta to a “hold” rating and upped their price target for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Finally, Morgan Stanley cut Antofagasta to an “underweight” rating and decreased their price target for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 2,964.29.

Antofagasta Stock Performance

LON:ANTO opened at GBX 3,788 on Friday. The company has a fifty day moving average of GBX 3,698.29 and a 200-day moving average of GBX 3,243.99. The firm has a market capitalization of £37.34 billion, a P/E ratio of 28.10, a P/E/G ratio of -1.08 and a beta of 1.38. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. Antofagasta has a twelve month low of GBX 1,441.50 and a twelve month high of GBX 4,475.

Antofagasta (LON:ANTO) last released its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. As a group, sell-side analysts anticipate that Antofagasta will post 87.0403995 EPS for the current year.

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.