Antofagasta (LON:ANTO) Receives “Hold” Rating from Jefferies Financial Group

Antofagasta (LON:ANTO)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 4,500 price objective on the mining company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 12.36% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Citigroup lifted their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 2,800 target price on shares of Antofagasta in a report on Friday, April 10th. JPMorgan Chase & Co. increased their price target on Antofagasta from GBX 3,200 to GBX 3,400 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,100 price objective on shares of Antofagasta in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Antofagasta presently has an average rating of “Reduce” and an average target price of GBX 3,618.75.

Antofagasta Trading Up 0.2%

Antofagasta stock opened at GBX 4,005 on Tuesday. The firm has a market cap of £39.48 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. Antofagasta has a 1 year low of GBX 1,675.50 and a 1 year high of GBX 4,475. The firm’s 50 day moving average price is GBX 3,811.47 and its two-hundred day moving average price is GBX 3,570.84. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90.

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.