Antofagasta (ANTO) Stock Rating Reaffirmed by Royal Bank of Canada
Antofagasta (LON:ANTO)‘s stock had its “sector performer” rating reiterated by stock analysts at Royal Bank of Canada in a report issued on Tuesday.
A number of other research analysts have also weighed in on the company. Liberum Capital raised their price objective on Antofagasta from GBX 535 ($6.99) to GBX 700 ($9.15) and gave the company a “sell” rating in a report on Tuesday, January 15th. Goldman Sachs Group lowered Antofagasta to a “sell” rating and decreased their price objective for the company from GBX 850 ($11.11) to GBX 700 ($9.15) in a report on Friday, January 18th. Peel Hunt decreased their price objective on Antofagasta from GBX 930 ($12.15) to GBX 920 ($12.02) and set an “add” rating on the stock in a report on Friday, January 18th. UBS Group restated a “neutral” rating on shares of Antofagasta in a report on Thursday, January 24th. Finally, Deutsche Bank decreased their price objective on Antofagasta from GBX 850 ($11.11) to GBX 800 ($10.45) and set a “hold” rating on the stock in a report on Thursday, January 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 855.36 ($11.18).
Shares of ANTO stock opened at GBX 958.20 ($12.52) on Tuesday. The company has a debt-to-equity ratio of 26.80, a quick ratio of 2.04 and a current ratio of 2.57. The firm has a market capitalization of $9.52 billion and a price-to-earnings ratio of 14.43. Antofagasta has a fifty-two week low of GBX 713.20 ($9.32) and a fifty-two week high of GBX 1,171.50 ($15.31).
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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