Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,005.71

Shares of Antofagasta plc (LON:ANTO) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 2,005.71 ($25.32).

Several analysts have issued reports on the company. Citigroup dropped their target price on Antofagasta from GBX 2,800 ($35.35) to GBX 2,500 ($31.57) and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Antofagasta from GBX 2,100 ($26.52) to GBX 2,000 ($25.25) and set a “hold” rating on the stock in a research note on Monday, September 9th.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 1,688 ($21.31) on Friday. The firm has a 50-day simple moving average of GBX 1,791.29 and a 200-day simple moving average of GBX 1,921.73. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The stock has a market capitalization of £16.64 billion, a price-to-earnings ratio of 2,885.59, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,538 ($19.42) and a 52 week high of GBX 2,425 ($30.62).

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.