Antofagasta (LON:ANTO) Stock Price Expected to Rise, Citigroup Analyst Says

Antofagasta (LON:ANTO) had its target price boosted by analysts at Citigroup from GBX 4,000 to GBX 4,300 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the mining company’s stock. Citigroup’s price objective would indicate a potential upside of 16.66% from the company’s current price.

A number of other analysts also recently issued reports on ANTO. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and raised their price target for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research report on Thursday, April 16th. 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 research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price target on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of GBX 3,493.75.

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 3,686 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The stock has a market cap of £36.34 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. Antofagasta has a 12 month low of GBX 1,592 and a 12 month high of GBX 4,475. The company’s fifty day moving average price is GBX 3,716.59 and its 200-day moving average price is GBX 3,317.53.

Antofagasta (LON:ANTO) last issued its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. On average, equities analysts expect that Antofagasta will post 87.0403995 EPS for the current fiscal 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.