Antofagasta plc (LON:ANTO) Receives GBX 3,831.25 Consensus Target Price from Analysts

Antofagasta plc (LON:ANTO) has been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 3,831.25.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 price target on shares of Antofagasta in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upgraded Antofagasta to an “overweight” rating and raised their target price for the company from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Citigroup upped their price objective on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,400 price objective on shares of Antofagasta in a research note on Thursday, July 16th.

Antofagasta Stock Performance

LON:ANTO opened at GBX 3,981 on Thursday. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The firm has a market cap of £39.25 billion, a PE ratio of 29.53, a P/E/G ratio of -1.08 and a beta of 1.41. The firm has a 50 day simple moving average of GBX 3,846.69 and a 200-day simple moving average of GBX 3,783.49. Antofagasta has a 1-year low of GBX 1,978.50 and a 1-year high of GBX 4,475.

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.