Antofagasta plc (LON:ANTO) Given Consensus Recommendation of “Reduce” by Brokerages

Antofagasta plc (LON:ANTO) has received an average rating of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 3,618.75.

A number of research firms recently issued reports on ANTO. Citigroup raised their price objective on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a report on Tuesday, June 9th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 2,800 price objective on shares of Antofagasta in a report on Friday, April 10th. Berenberg Bank reissued a “hold” rating and issued a GBX 3,700 price objective on shares of Antofagasta in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Antofagasta from GBX 3,200 to GBX 3,400 and gave the stock a “neutral” rating in a report on Tuesday, May 26th.

Antofagasta Stock Performance

ANTO opened at GBX 3,710.30 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The company has a market cap of £36.58 billion, a price-to-earnings ratio of 27.52, a PEG ratio of -1.08 and a beta of 1.38. The company’s 50 day moving average is GBX 3,928.88 and its 200 day moving average is GBX 3,665.73. Antofagasta has a 12-month low of GBX 1,715 and a 12-month high of GBX 4,475.

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.