Citigroup Forecasts Strong Price Appreciation for Antofagasta (LON:ANTO) Stock

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

Other equities analysts have also recently issued reports about the company. Berenberg Bank reiterated a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th. Canaccord Genuity Group cut Antofagasta to a “hold” rating and increased their target price for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. increased their target price on Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 3,493.75.

Antofagasta Stock Performance

Antofagasta stock opened at GBX 3,686 on Friday. The stock’s 50 day moving average price is GBX 3,716.59 and its 200 day moving average price is GBX 3,321.99. Antofagasta has a one year low of GBX 1,592 and a one year high of GBX 4,475. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90.

Antofagasta (LON:ANTO) last released its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. As a group, sell-side 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.