Antofagasta (LON:ANTO) Price Target Lowered to GBX 1,685 at Barclays

Antofagasta (LON:ANTO) had its price objective cut by research analysts at Barclays from GBX 1,725 ($21.67) to GBX 1,685 ($21.17) in a research note issued to investors on Tuesday, LSE.Co.UK reports. The firm presently has an “underweight” rating on the mining company’s stock. Barclays‘s price objective suggests a potential downside of 23.37% from the stock’s previous close.

ANTO has been the subject of several other reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,550 ($19.47) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Citigroup reiterated a “buy” rating and issued a GBX 2,100 ($26.38) target price on shares of Antofagasta in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,500 ($18.84) price target on shares of Antofagasta in a research report on Thursday, April 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.36) price objective on shares of Antofagasta in a research report on Thursday, April 18th. Finally, Bank of America restated a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and a consensus price target of GBX 1,710 ($21.48).

Antofagasta Stock Performance

LON:ANTO traded up GBX 7 ($0.09) during mid-day trading on Tuesday, hitting GBX 2,199 ($27.63). The company’s stock had a trading volume of 8,208,352 shares, compared to its average volume of 1,302,269. The business’s fifty day moving average is GBX 2,051.84 and its two-hundred day moving average is GBX 1,729.94. The stock has a market cap of £21.68 billion, a price-to-earnings ratio of 3,235.29, a PEG ratio of -1.08 and a beta of 1.14. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta has a 1 year low of GBX 1,280 ($16.08) and a 1 year high of GBX 2,336 ($29.35).

Antofagasta Company Profile

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.