Antofagasta's (ANTO) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Antofagasta, setting a price target of GBX 2,100 ($27.74), indicating a potential upside of 12.87% from the last close.
• JPMorgan Chase & Co. and Citigroup have also raised their price targets for Antofagasta, reflecting overall analyst optimism with a consensus rating of "Moderate Buy".
• Antofagasta's stock recently opened at GBX 1,860.50 ($24.58), with a market cap of £22.92 billion and a one-year price range between GBX 1,278 ($16.88) and GBX 2,097.50 ($27.71).

Berenberg Bank restated their buy rating on shares of Antofagasta (LON:ANTO - Free Report) in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a GBX 2,100 ($27.91) price objective on the mining company's stock.

A number of other analysts have also weighed in on ANTO. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,700 ($22.59) price objective on shares of Antofagasta in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on Antofagasta from GBX 2,400 ($31.90) to GBX 2,500 ($33.23) and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Citigroup raised their price objective on Antofagasta from GBX 2,000 ($26.58) to GBX 2,200 ($29.24) and gave the stock a "buy" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,104.17 ($27.97).

Antofagasta Trading Up 0.3%

ANTO traded up GBX 5.59 ($0.07) during trading hours on Thursday, reaching GBX 1,928.09 ($25.63). The company's stock had a trading volume of 629,121 shares, compared to its average volume of 2,637,142. Antofagasta has a fifty-two week low of GBX 1,278 ($16.99) and a fifty-two week high of GBX 2,097.50 ($27.88). The stock has a market cap of £23.76 billion, a PE ratio of 31.08, a P/E/G ratio of -1.08 and a beta of 1.00. The business's 50-day moving average is GBX 1,859.61 and its 200-day moving average is GBX 1,771.21. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.