Antofagasta plc (LON:ANTO) Receives GBX 2,992.86 Average PT from Brokerages

Antofagasta plc (LON:ANTO) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 2,992.86.

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

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 3,457 on Thursday. The firm has a 50-day moving average of GBX 3,709.12 and a 200-day moving average of GBX 3,198.66. The company has a market cap of £34.08 billion, a P/E ratio of 25.65, a P/E/G ratio of -1.08 and a beta of 1.29. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. Antofagasta has a one year low of GBX 1,278 and a one year high of GBX 4,475.

Antofagasta (LON:ANTO) last released its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. Equities research analysts forecast that Antofagasta will post 87.0403995 EPS for the current fiscal 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.