Antofagasta plc (LON:ANTO) Given Consensus Rating of “Reduce” by Analysts

Shares of Antofagasta plc (LON:ANTO) have been assigned an average recommendation of “Reduce” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 3,843.75.

ANTO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,400 price target on shares of Antofagasta in a report on Friday, August 14th. Jefferies Financial Group restated a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a research report on Tuesday, June 9th. Royal Bank Of Canada cut shares of Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a report on Monday, July 20th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,400 target price on shares of Antofagasta in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research note on Friday, August 14th.

Antofagasta Price Performance

LON ANTO opened at GBX 3,915 on Monday. Antofagasta has a one year low of GBX 2,132 and a one year high of GBX 4,475. The stock has a 50-day moving average of GBX 3,791.51 and a 200 day moving average of GBX 3,810.27. The company has a market capitalization of £38.60 billion, a price-to-earnings ratio of 29.04, a PEG ratio of -1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 75.57, a quick ratio of 2.78 and a current ratio of 2.58.

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.