Antofagasta’s (ANTO) “Sector perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Antofagasta (LON:ANTO) in a report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a GBX 2,700 target price on the mining company’s stock.

A number of other equities research analysts have also recently weighed in on ANTO. Canaccord Genuity Group raised their price target on Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a report on Tuesday, November 11th. Berenberg Bank restated a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,827.50.

Antofagasta Stock Up 1.3%

Shares of LON:ANTO opened at GBX 3,562.30 on Wednesday. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The company has a market capitalization of £35.12 billion, a PE ratio of 32.18, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 3,678. The company’s fifty day moving average is GBX 3,131.16 and its 200-day moving average is GBX 2,613.82.

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.