Antofagasta (LON:ANTO) Earns "Underperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reissued an "Underperform" rating on Antofagasta with a GBX 2,800 target price, implying a potential downside of about 25.41% from the stock's current level.
• Analyst consensus is mixed: the average rating is Hold with an average target of GBX 2,964.29, and the breakdown is 2 Buy, 3 Hold and 2 Sell ratings.
• Shares opened at GBX 3,754 (up ~2.1%), trading in a 52‑week range of GBX 1,441.50–4,475, with a market cap of £37.01 billion and a P/E of 27.85.

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "underperform" rating reissued by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 2,800 target price on the mining company's stock. Royal Bank Of Canada's target price would indicate a potential downside of 25.41% from the stock's current price.

Several other equities research analysts also recently commented on the stock. Morgan Stanley downgraded shares of Antofagasta to an "underweight" rating and reduced their target price for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a "neutral" rating in a research report on Friday. Finally, Canaccord Genuity Group downgraded shares of Antofagasta to a "hold" rating and upped their price target for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 2,964.29.

Antofagasta Stock Up 2.1%

Shares of LON:ANTO opened at GBX 3,754 on Friday. Antofagasta has a 52 week low of GBX 1,441.50 and a 52 week high of GBX 4,475. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The company's fifty day moving average is GBX 3,695.49 and its 200-day moving average is GBX 3,228.33. The company has a market capitalization of £37.01 billion, a PE ratio of 27.85, a P/E/G ratio of -1.08 and a beta of 1.38.

Antofagasta (LON:ANTO - Get Free Report) last issued its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. Equities research analysts predict 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.

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