Antofagasta (LON:ANTO) Price Target Raised to GBX 4,300 at Citigroup

Antofagasta (LON:ANTO) had its target price raised by stock analysts at Citigroup from GBX 4,000 to GBX 4,300 in a research report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the mining company’s stock. Citigroup’s target price would suggest a potential upside of 16.66% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 2,800 target price on shares of Antofagasta in a report on Friday, April 10th. Canaccord Genuity Group cut Antofagasta to a “hold” rating and boosted their target price for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a “neutral” rating in a report on Friday, April 10th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Morgan Stanley cut Antofagasta to an “underweight” rating and decreased their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 3,493.75.

Antofagasta Trading Down 3.8%

Shares of ANTO stock traded down GBX 145 on Friday, hitting GBX 3,686. The stock had a trading volume of 567,569 shares, compared to its average volume of 13,475,728. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The firm has a market capitalization of £36.34 billion, a P/E ratio of 27.34, a P/E/G ratio of -1.08 and a beta of 1.38. Antofagasta has a 1 year low of GBX 1,592 and a 1 year high of GBX 4,475. The company’s 50 day moving average price is GBX 3,717.09 and its 200-day moving average price is GBX 3,310.67.

Antofagasta (LON:ANTO) last announced its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. Analysts anticipate that Antofagasta will post 87.0403995 earnings per share for the current year.

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.