Antofagasta’s (ANTO) Buy Rating Reaffirmed at Berenberg Bank

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Friday, MarketBeat reports. They presently have a GBX 2,900 target price on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 6.50% from the stock’s previous close.

ANTO has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a GBX 2,300 target price on shares of Antofagasta in a research note on Friday, August 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antofagasta presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,454.17.

Antofagasta Trading Down 0.8%

ANTO stock traded down GBX 23 during mid-day trading on Friday, reaching GBX 2,723. The company had a trading volume of 668,147 shares, compared to its average volume of 2,626,486. The company has a market capitalization of £26.84 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The firm has a 50 day moving average of GBX 2,543.36 and a 200 day moving average of GBX 2,102.47. Antofagasta has a 12 month low of GBX 1,278 and a 12 month high of GBX 2,877. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.