Antofagasta plc (LON:ANTO) Receives GBX 1,714.29 Average PT from Analysts

Antofagasta plc (LON:ANTO) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,815 ($23.02).

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,700 ($21.57) price objective on shares of Antofagasta in a research report on Thursday, April 18th. Canaccord Genuity Group cut Antofagasta to a “hold” rating and increased their price target for the company from GBX 1,925 ($24.42) to GBX 2,065 ($26.20) in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,500 ($19.03) price objective on shares of Antofagasta in a report on Thursday, April 18th. Bank of America restated a “buy” rating and issued a GBX 2,520 ($31.97) price objective on shares of Antofagasta in a research note on Wednesday. Finally, Barclays lowered their target price on Antofagasta from GBX 1,725 ($21.88) to GBX 1,685 ($21.38) and set an “underweight” rating on the stock in a research report on Tuesday, May 7th.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 2,103 ($26.68) on Friday. The company has a market cap of £20.73 billion, a price-to-earnings ratio of 3,123.88, a P/E/G ratio of -1.08 and a beta of 1.12. The business’s fifty day simple moving average is GBX 2,192.64 and its two-hundred day simple moving average is GBX 1,939.25. Antofagasta has a 12 month low of GBX 1,280 ($16.24) and a 12 month high of GBX 2,425 ($30.76). The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.