Antofagasta (LON:ANTO) Stock Rating Raised to "Hold" at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank upgraded Antofagasta to “Hold” but reduced its price target from GBX 3,600 to GBX 3,300, implying about 0.54% downside from the prior close.
• Analyst sentiment is mixed: three firms rate the stock Buy, three Hold, and two Sell. The consensus rating is “Hold,” with an average price target of GBX 3,843.75.
• Antofagasta shares rose GBX 144 to GBX 3,318 during Tuesday trading, while remaining below their 50-day and 200-day moving averages.

Antofagasta (LON:ANTO - Get Free Report) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a report issued on Tuesday, London Stock Exchange reports. The firm currently has a GBX 3,300 target price on the mining company's stock, down from their prior target price of GBX 3,600. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential downside of 0.54% from the stock's previous close.

ANTO has been the subject of a number of other research reports. Berenberg Bank cut their price objective on Antofagasta from GBX 4,600 to GBX 4,500 and set a "buy" rating for the company in a research report on Friday, October 16th. Royal Bank Of Canada downgraded shares of Antofagasta to an "underperform" rating and set a GBX 2,700 price target on the stock. in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an "overweight" rating for the company in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 3,843.75.

Antofagasta Stock Performance

ANTO traded up GBX 144 during trading hours on Tuesday, hitting GBX 3,318. The company's stock had a trading volume of 160,325,406 shares, compared to its average volume of 13,016,438. The firm has a market capitalization of £32.71 billion, a PE ratio of 19.77, a PEG ratio of -1.08 and a beta of 1.41. The company has a 50-day simple moving average of GBX 3,696.34 and a 200 day simple moving average of GBX 3,754.26. Antofagasta has a fifty-two week low of GBX 2,499 and a fifty-two week high of GBX 4,475. The company has a current ratio of 2.58, a quick ratio of 2.78 and a debt-to-equity ratio of 75.57.

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.

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