Antofagasta (LON:ANTO) Given “Hold” Rating at Berenberg Bank

Antofagasta (LON:ANTO)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research note issued on Friday,London Stock Exchange reports. They presently have a GBX 4,400 target price on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 21.75% from the stock’s current price.

ANTO has been the topic of several other research reports. Royal Bank Of Canada cut Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a research note on Monday, July 20th. JPMorgan Chase & Co. reduced their price target on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a report on Thursday, April 16th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a research note on Tuesday, June 9th. Finally, Citigroup increased their target price on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of GBX 3,843.75.

Antofagasta Stock Down 3.8%

LON:ANTO opened at GBX 3,613.95 on Friday. The firm has a market capitalization of £35.63 billion, a price-to-earnings ratio of 26.81, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 1-year low of GBX 2,077 and a 1-year 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 business’s fifty day moving average price is GBX 3,823.71 and its 200 day moving average price is GBX 3,796.55.

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.