Brokerages Set Antofagasta plc (LON:ANTO) Target Price at GBX 2,176.43

Shares of Antofagasta plc (LON:ANTO) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,176.43 ($27.37).

A number of equities analysts have weighed in on ANTO shares. JPMorgan Chase & Co. boosted their target price on Antofagasta from GBX 1,600 ($20.12) to GBX 2,400 ($30.18) and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Citigroup decreased their price objective on shares of Antofagasta from GBX 2,800 ($35.21) to GBX 2,500 ($31.44) and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,065 ($25.97) target price on shares of Antofagasta in a report on Thursday, January 16th.

Antofagasta Stock Down 2.4 %

ANTO stock opened at GBX 1,733.50 ($21.80) on Wednesday. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. Antofagasta has a 1-year low of GBX 1,567.50 ($19.71) and a 1-year high of GBX 2,425 ($30.50). The stock has a market capitalization of £21.36 billion, a P/E ratio of 27.94, a P/E/G ratio of -1.08 and a beta of 1.00. The business has a fifty day moving average price of GBX 1,719.05 and a 200-day moving average price of GBX 1,769.70.

Antofagasta Company Profile

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.