Antofagasta (LON:ANTO – Get Free Report) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report issued on Tuesday, London Stock Exchange reports. The brokerage currently has a GBX 3,300 target price on the mining company’s stock, down from their previous target price of GBX 3,600. Deutsche Bank Aktiengesellschaft‘s target price would suggest a potential downside of 0.54% from the company’s previous close.
Several other equities research analysts also recently commented on ANTO. Royal Bank Of Canada downgraded shares of Antofagasta to an “underperform” rating and set a GBX 2,700 target price for the company. in a research note on Monday, July 20th. Berenberg Bank reduced their price target on shares of Antofagasta from GBX 4,600 to GBX 4,500 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,843.75.
Read Our Latest Analysis on Antofagasta
Antofagasta Trading Up 4.5%
Shares of LON:ANTO traded up GBX 144 during midday trading on Tuesday, hitting GBX 3,318. The company had a trading volume of 160,325,406 shares, compared to its average volume of 13,016,438. The stock has a market cap of £32.71 billion, a price-to-earnings ratio of 19.77, a PEG ratio of -1.08 and a beta of 1.41. Antofagasta has a 12 month low of GBX 2,499 and a 12 month high of GBX 4,475. The firm has a fifty day simple moving average of GBX 3,696.34 and a 200 day simple moving average of GBX 3,754.26. The company has a current ratio of 2.58, a quick ratio of 2.78 and a debt-to-equity ratio of 75.57.
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.
Recommended Stories
- Five stocks we like better than Antofagasta
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
- Off-Price, High-Yield: Why Ross Stores Is Defying the Retail Slump
Receive News & Ratings for Antofagasta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta and related companies with MarketBeat.com's FREE daily email newsletter.
