Antofagasta plc (LON:ANTO) Receives GBX 868.33 Consensus PT from Brokerages
Antofagasta plc (LON:ANTO) has received an average rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 868.33 ($11.42).
A number of equities research analysts recently weighed in on the stock. Morgan Stanley restated an “underweight” rating on shares of Antofagasta in a research note on Wednesday, April 1st. Deutsche Bank restated a “hold” rating on shares of Antofagasta in a research note on Thursday. Barclays restated an “underweight” rating on shares of Antofagasta in a research note on Monday, May 11th. Peel Hunt reaffirmed a “hold” rating on shares of Antofagasta in a report on Wednesday, April 22nd. Finally, Goldman Sachs Group lowered their target price on Antofagasta from GBX 910 ($11.97) to GBX 890 ($11.71) and set a “neutral” rating on the stock in a report on Monday, February 17th.
Shares of LON ANTO opened at GBX 807 ($10.62) on Thursday. Antofagasta has a fifty-two week low of GBX 575 ($7.56) and a fifty-two week high of GBX 993.80 ($13.07). The firm’s 50-day simple moving average is GBX 771.87 and its 200 day simple moving average is GBX 840.04. The company has a quick ratio of 1.95, a current ratio of 2.33 and a debt-to-equity ratio of 29.33. The stock has a market cap of $7.98 billion and a P/E ratio of 15.85.
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 Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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