Antofagasta (LON:ANTO) Upgraded at Berenberg Bank

Antofagasta (LON:ANTO) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a note issued to investors on Monday, Digital Look reports. The firm currently has a GBX 4,400 target price on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 20.58% from the stock’s current price.

ANTO has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price objective on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a report on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,400 price target on shares of Antofagasta in a research note on Friday, August 14th. Finally, Royal Bank Of Canada downgraded Antofagasta to an “underperform” rating and set a GBX 2,700 price target on the stock. in a report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and an average target price of GBX 3,843.75.

Antofagasta Trading Down 3.8%

Shares of LON ANTO opened at GBX 3,649 on Monday. The firm’s 50 day moving average price is GBX 3,800.73 and its 200-day moving average price is GBX 3,811.03. The company has a market cap of £35.97 billion, a PE ratio of 21.75, a P/E/G ratio of -1.08 and a beta of 1.41. Antofagasta has a 52-week low of GBX 2,233.01 and a 52-week high of GBX 4,475. The company has a debt-to-equity ratio of 75.57, a quick ratio of 2.78 and a current ratio of 2.58.

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.