Antofagasta (LON:ANTO) Price Target Raised to GBX 4,300 at Citigroup

Antofagasta (LON:ANTO) had its target price increased by Citigroup from GBX 4,000 to GBX 4,300 in a research report released on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other analysts have also recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,700 price objective on shares of Antofagasta in a research note on Thursday, April 16th. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and cut their target price for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research note on Thursday, April 16th. Canaccord Genuity Group cut shares of Antofagasta to a “hold” rating and raised their target price for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 2,800 target price on shares of Antofagasta in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of GBX 3,493.75.

Antofagasta Stock Performance

Shares of LON ANTO opened at GBX 3,686 on Friday. The firm has a fifty day moving average price of GBX 3,716.59 and a 200-day moving average price of GBX 3,317.53. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The stock has a market cap of £36.34 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. Antofagasta has a 1 year low of GBX 1,592 and a 1 year high of GBX 4,475.

Antofagasta (LON:ANTO) last announced its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. Equities analysts anticipate that Antofagasta will post 87.0403995 earnings per share for the current fiscal year.

Antofagasta Company Profile

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.