Antofagasta plc (LON:ANTO) Receives Consensus Recommendation of “Hold” from Analysts

Antofagasta plc (LON:ANTO) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 2,992.86.

Several brokerages have issued reports on ANTO. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and boosted their target price for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th.

Antofagasta Stock Performance

LON:ANTO opened at GBX 3,704 on Wednesday. The stock has a market capitalization of £36.52 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1 year low of GBX 1,278 and a 1 year high of GBX 4,176. The firm has a 50 day moving average of GBX 3,426.52 and a 200-day moving average of GBX 2,813.88.

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.