Antofagasta plc (LON:ANTO) Receives GBX 2,992.86 Average Target Price from Analysts

Antofagasta plc (LON:ANTO) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,992.86.

Several equities research analysts have commented 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 stock a “hold” rating in a research report on Wednesday, November 26th. Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and increased their price target for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a report on Wednesday, January 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Finally, Morgan Stanley cut shares of Antofagasta to an “underweight” rating and dropped their target price for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd.

Antofagasta Stock Performance

LON ANTO opened at GBX 3,515 on Friday. The stock has a market capitalization of £34.65 billion, a price-to-earnings ratio of 26.08, a PEG ratio of -1.08 and a beta of 1.29. The business’s 50 day moving average is GBX 3,753.66 and its two-hundred day moving average is GBX 3,073.39. Antofagasta has a 12-month low of GBX 1,278 and a 12-month 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.

Antofagasta (LON:ANTO) last posted its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. Research analysts expect 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.