Brokerages Set Antofagasta plc (LON:ANTO) Price Target at GBX 2,454.17

Antofagasta plc (LON:ANTO) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,454.17.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a “hold” rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a research report on Friday, October 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research note on Thursday. Citigroup restated a “buy” rating and set a GBX 2,300 price target on shares of Antofagasta in a report on Friday, August 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a report on Friday.

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 2,784 on Monday. 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 firm has a fifty day moving average price of GBX 2,554.92 and a 200 day moving average price of GBX 2,117.60. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 2,877. The firm has a market cap of £27.45 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of -1.08 and a beta of 1.00.

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.