Antofagasta’s (ANTO) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Antofagasta (LON:ANTO) in a report issued on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 4,400 target price on the mining company’s stock.

Several other equities analysts have also recently weighed in on ANTO. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. JPMorgan Chase & Co. upgraded shares of Antofagasta to an “overweight” rating and lifted their price target for the company from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Citigroup increased their price objective on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 2,800 target price on shares of Antofagasta in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of GBX 3,843.75.

Antofagasta Stock Down 4.1%

LON:ANTO opened at GBX 3,588 on Thursday. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The company has a market cap of £35.37 billion, a PE ratio of 26.62, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 52-week low of GBX 1,811 and a 52-week high of GBX 4,475. The stock has a 50-day simple moving average of GBX 3,935.02 and a 200 day simple moving average of GBX 3,754.12.

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.