Antofagasta’s (ANTO) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Antofagasta (LON:ANTO – Free Report) in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have a GBX 4,400 target price on the mining company’s stock.

Several other equities analysts have also issued reports on ANTO. Citigroup boosted their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upgraded shares of Antofagasta to an “overweight” rating and raised their target price for the stock from GBX 3,400 to GBX 4,500 in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 2,800 price target on shares of Antofagasta in a report on Friday, April 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 4,500 price objective on shares of Antofagasta in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of GBX 3,843.75.

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Antofagasta Stock Down 2.7%

Shares of Antofagasta stock opened at GBX 3,491 on Thursday. The company has a market capitalization of £34.42 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. 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 business has a 50-day moving average of GBX 3,926.89 and a two-hundred day moving average of GBX 3,752.28. Antofagasta has a 1 year low of GBX 1,837 and a 1 year high of GBX 4,475.

Antofagasta Company Profile

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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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