Antofagasta plc (LON:ANTO) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Antofagasta plc (LON:ANTO – Get Free Report) have earned an average recommendation of “Reduce” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 3,756.25.

Several equities analysts have weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,700 target price on shares of Antofagasta in a research report on Thursday, April 16th. Citigroup increased their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 2,800 price objective on shares of Antofagasta in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price objective on shares of Antofagasta in a report on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th.

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Antofagasta Trading Up 1.7%

ANTO traded up GBX 62 during mid-day trading on Friday, hitting GBX 3,778. 537,884 shares of the stock were exchanged, compared to its average volume of 16,980,193. The firm’s fifty day moving average is GBX 3,933.32 and its two-hundred day moving average is GBX 3,735.85. Antofagasta has a 1-year low of GBX 1,811 and a 1-year high of GBX 4,475. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The company has a market cap of £37.25 billion, a PE ratio of 28.03, a PEG ratio of -1.08 and a beta of 1.41.

About Antofagasta

(Get Free Report)

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.

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