Antofagasta (LON:ANTO) Given Buy Rating at Berenberg Bank

Antofagasta (LON:ANTO)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report released on Friday, MarketBeat reports. They currently have a GBX 2,900 target price on the mining company’s stock. Berenberg Bank’s price objective points to a potential upside of 6.50% from the stock’s previous close.

ANTO has been the topic of several other reports. Citigroup reaffirmed a “buy” rating and issued a GBX 2,300 target price on shares of Antofagasta in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research report on Thursday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,454.17.

Antofagasta Stock Down 0.8%

Shares of LON:ANTO traded down GBX 23 during trading on Friday, reaching GBX 2,723. 668,147 shares of the company traded hands, compared to its average volume of 2,626,486. The firm has a fifty day simple moving average of GBX 2,543.36 and a 200 day simple moving average of GBX 2,102.47. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. Antofagasta has a 1-year low of GBX 1,278 and a 1-year high of GBX 2,877. The firm has a market cap of £26.84 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

About Antofagasta

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.