Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,992.86

Shares of Antofagasta plc (LON:ANTO) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 2,992.86.

Several analysts have weighed in on ANTO shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and decreased their price target for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group cut shares of Antofagasta to a “hold” rating and raised their target price for the stock from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th.

Antofagasta Price Performance

Shares of ANTO opened at GBX 3,881 on Friday. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 4,475. 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 firm has a market cap of £38.26 billion, a price-to-earnings ratio of 28.79, a PEG ratio of -1.08 and a beta of 1.29. The stock has a 50 day moving average of GBX 3,729.06 and a 200-day moving average of GBX 3,047.73.

Antofagasta (LON:ANTO) last posted 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%. As a group, analysts forecast that Antofagasta will post 87.0403995 EPS for the current 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.