Antofagasta’s (ANTO) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 4,400 price target on the mining company’s stock.

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

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 3,585 on Friday. 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 stock has a 50 day simple moving average of GBX 3,816.01 and a 200-day simple moving average of GBX 3,795.07. The company has a market cap of £35.34 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. Antofagasta has a 12-month low of GBX 2,077 and a 12-month high of GBX 4,475.

Key Antofagasta News

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Higher copper prices boosted Antofagasta’s earnings despite a decline in production, providing support for revenue and profitability. Antofagasta earnings boosted by copper prices despite output drop
• Positive Sentiment: JPMorgan maintained an “overweight” rating, indicating a favorable view of the shares, although it lowered its price target from GBX 4,500 to GBX 4,300. JPMorgan broker rating
• Neutral Sentiment: Berenberg reaffirmed its “hold” rating and set a GBX 4,400 target, suggesting potential upside but limited conviction following the production outlook reduction. Berenberg broker rating
• Negative Sentiment: Antofagasta cut its 2026 copper-production forecast, citing operational challenges in Chile. The guidance reduction triggered a sharp sell-off and weighed on the broader FTSE 100. Antofagasta cuts 2026 copper production forecast
• Negative Sentiment: Reports that roughly $2 billion in profit was overshadowed by Chilean copper-production problems reinforce investor concerns that operational weakness could persist despite supportive metal prices. Antofagasta’s $2B profit eclipsed by Chile copper woes
• Negative Sentiment: Deutsche Bank reaffirmed its “sell” rating with a GBX 3,400 target, below the company’s recent trading level, highlighting valuation and execution concerns. Deutsche Bank broker rating

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.