Antofagasta (LON:ANTO) Downgraded to Underperform Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Antofagasta (LON:ANTO) to an underperform rating in a report published on Monday morning,Digital Look reports. Royal Bank Of Canada currently has GBX 2,700 target price on the mining company’s stock.

Several other research firms have also recently commented on ANTO. Berenberg Bank restated a “hold” rating and issued a GBX 4,400 target price on shares of Antofagasta in a research note on Thursday, July 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 4,500 price target on shares of Antofagasta in a research note on Tuesday, June 9th. Citigroup increased their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price objective on shares of Antofagasta in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. raised Antofagasta to an “overweight” rating and lifted their price objective for the company from GBX 3,400 to GBX 4,500 in a report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of GBX 3,831.25.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 3,467.28 on Monday. 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 stock has a market capitalization of £34.18 billion, a P/E ratio of 25.72, a P/E/G ratio of -1.08 and a beta of 1.41. The company’s fifty day moving average is GBX 3,915.39 and its two-hundred day moving average is GBX 3,757.15. Antofagasta has a 1 year low of GBX 1,850.50 and a 1 year high of GBX 4,475.

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.