Antofagasta (LON:ANTO) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Antofagasta (LON:ANTO) to a buy rating in a research report sent to investors on Monday,Digital Look reports. The brokerage currently has GBX 4,400 target price on the mining company’s stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,400 price objective on shares of Antofagasta in a research report on Friday, August 14th. Royal Bank Of Canada downgraded Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a research note on Monday, July 20th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and an average price target of GBX 3,843.75.

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 3,594 on Monday. Antofagasta has a one year low of GBX 2,254 and a one year high of GBX 4,475. The stock has a market capitalization of £35.43 billion, a price-to-earnings ratio of 21.42, a PEG ratio of -1.08 and a beta of 1.41. The company has a 50-day simple moving average of GBX 3,790.77 and a 200-day simple moving average of GBX 3,795.19. The company has a debt-to-equity ratio of 75.57, a quick ratio of 2.78 and a current ratio of 2.58.

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.