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

Key Points

• Berenberg Bank reissued a "Hold" rating on Antofagasta with a target price of GBX 3,700, implying roughly a 3.47% downside from the current share price.
• Consensus among analysts is a "Reduce" rating (1 Buy, 4 Hold, 2 Sell) with a consensus target of GBX 3,078.57.
• Stock snapshot: ANTO opened at GBX 3,833, has a market cap of £37.79 billion, a PE of 28.43, and last-quarter EPS of GBX 129.30.

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 3,700 target price on the mining company's stock. Berenberg Bank's price objective suggests a potential downside of 3.47% from the stock's current price.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group lowered Antofagasta to a "hold" rating and raised their price objective for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an "underperform" rating and set a GBX 2,800 target price on shares of Antofagasta in a research note on Friday, April 10th. JPMorgan Chase & Co. increased their target price on Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a "neutral" rating in a research note on Friday, April 10th. Finally, Morgan Stanley downgraded Antofagasta to an "underweight" rating and cut their target price for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Antofagasta currently has an average rating of "Reduce" and a consensus target price of GBX 3,078.57.

Antofagasta Stock Down 1.5%

ANTO stock opened at GBX 3,833 on Thursday. Antofagasta has a twelve month low of GBX 1,526.50 and a twelve month high of GBX 4,475. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The firm has a market cap of £37.79 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. The business has a 50 day moving average of GBX 3,701.95 and a 200 day moving average of GBX 3,269.35.

Antofagasta (LON:ANTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. On average, research analysts forecast that Antofagasta will post 87.0403995 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.