Antofagasta plc (LON:ANTO) Receives Average Rating of “Hold” from Brokerages

Antofagasta plc (LON:ANTO) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 2,185 ($27.95).

A number of brokerages have commented on ANTO. Citigroup lowered their target price on Antofagasta from GBX 2,800 ($35.82) to GBX 2,500 ($31.98) and set a “buy” rating on the stock in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,125 ($27.18) target price on shares of Antofagasta in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Antofagasta from GBX 1,600 ($20.47) to GBX 2,400 ($30.70) and gave the company an “overweight” rating in a research note on Wednesday, February 19th.

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 1,790.50 ($22.91) on Wednesday. Antofagasta has a 1-year low of GBX 1,567.50 ($20.05) and a 1-year high of GBX 2,425 ($31.02). The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The company has a market capitalization of £22.06 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of -1.08 and a beta of 1.00. The stock’s fifty day simple moving average is GBX 1,724.63 and its 200-day simple moving average is GBX 1,767.60.

Antofagasta Company Profile

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.