Antofagasta (LON:ANTO) Given Hold Rating at Berenberg Bank

Antofagasta (LON:ANTO)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 4,400 target price on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 21.11% from the company’s current price.

ANTO has been the topic of several other research reports. Citigroup increased their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 2,800 target price on shares of Antofagasta in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised shares of Antofagasta to an “overweight” rating and raised their price objective for the company from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Antofagasta currently has an average rating of “Reduce” and an average target price of GBX 3,843.75.

Antofagasta Trading Down 2.9%

ANTO opened at GBX 3,633 on Thursday. Antofagasta has a 52 week low of GBX 1,811 and a 52 week high of GBX 4,475. The business has a fifty day simple moving average of GBX 3,941.23 and a 200-day simple moving average of GBX 3,751.55. The firm has a market cap of £35.82 billion, a P/E ratio of 26.95, a P/E/G ratio of -1.08 and a beta of 1.41. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56.

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.