Antofagasta (LON:ANTO) Given New GBX 2,500 Price Target at Citigroup

Antofagasta (LON:ANTO) had its price objective cut by Citigroup from GBX 2,800 ($35.34) to GBX 2,500 ($31.55) in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the mining company’s stock.

Several other research firms also recently issued reports on ANTO. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Antofagasta from GBX 2,100 ($26.51) to GBX 2,000 ($25.24) and set a “hold” rating on the stock in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Antofagasta currently has a consensus rating of “Hold” and an average target price of GBX 2,005.71 ($25.32).

Antofagasta Stock Performance

Antofagasta has a 12-month low of GBX 1,538 ($19.41) and a 12-month high of GBX 2,425 ($30.61). The business’s 50-day simple moving average is GBX 1,791.29 and its two-hundred day simple moving average is GBX 1,921.73. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The firm has a market capitalization of £16.64 billion, a P/E ratio of 2,885.59, a PEG ratio of -1.08 and a beta of 1.00.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.