Antofagasta (LON:ANTO) Stock Rating Reaffirmed by Bank of America

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by investment analysts at Bank of America in a research note issued on Thursday, Digital Look reports.

ANTO has been the topic of a number of other research reports. Barclays restated an “equal weight” rating and set a GBX 1,270 ($16.07) target price on shares of Antofagasta in a report on Monday, December 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,925 ($24.36) target price on shares of Antofagasta in a report on Tuesday, February 20th. Citigroup restated a “buy” rating and set a GBX 2,100 ($26.58) target price on shares of Antofagasta in a report on Wednesday, January 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 1,550 ($19.62) target price on shares of Antofagasta in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Antofagasta has an average rating of “Hold” and a consensus target price of GBX 1,619.38 ($20.50).

Antofagasta Price Performance

Antofagasta stock opened at GBX 2,233 ($28.26) on Thursday. The business’s 50-day simple moving average is GBX 1,875.50 and its 200 day simple moving average is GBX 1,623.66. The stock has a market cap of £22.01 billion, a price-to-earnings ratio of 3,332.84, a P/E/G ratio of -1.08 and a beta of 1.12. Antofagasta has a 12-month low of GBX 1,280 ($16.20) and a 12-month high of GBX 2,307 ($29.20). The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.