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

Antofagasta plc (LON:ANTO) has been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,013.13 ($24.97).

Several research firms have recently commented on ANTO. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,065 ($25.62) target price on shares of Antofagasta in a research note on Thursday, January 16th. Finally, Citigroup cut their price target on shares of Antofagasta from GBX 2,800 ($34.74) to GBX 2,500 ($31.01) and set a “buy” rating for the company in a report on Thursday, December 12th.

Antofagasta Price Performance

LON:ANTO opened at GBX 1,790 ($22.21) on Friday. The stock has a 50 day moving average price of GBX 1,685.26 and a 200 day moving average price of GBX 1,790.09. The stock has a market cap of £17.65 billion, a PE ratio of 3,033.90, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a one year low of GBX 1,567.50 ($19.45) and a one year high of GBX 2,425 ($30.08).

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.