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

Antofagasta (LON:ANTO)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Friday,London Stock Exchange reports. They currently have a GBX 4,400 price target on the mining company’s stock. Berenberg Bank’s target price suggests a potential upside of 21.75% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research report on Friday. Royal Bank Of Canada downgraded Antofagasta to an “underperform” rating and set a GBX 2,700 price target on the stock. in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a report on Thursday, April 16th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a research report on Tuesday, June 9th. Finally, Citigroup boosted their target price on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 3,843.75.

Antofagasta Stock Down 3.8%

ANTO stock opened at GBX 3,613.95 on Friday. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. Antofagasta has a 52-week low of GBX 2,077 and a 52-week high of GBX 4,475. The company has a 50-day moving average of GBX 3,823.71 and a two-hundred day moving average of GBX 3,796.55. The stock has a market capitalization of £35.63 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41.

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.