Antofagasta (LON:ANTO) Price Target Raised to GBX 2,200 at Berenberg Bank

Key Points

• Berenberg Bank has raised its price target for Antofagasta from GBX 2,100 to GBX 2,200, reflecting a potential upside of 3.68%.
• The consensus target price among analysts for Antofagasta is GBX 2,137.50, with a current average rating of "Moderate Buy".
• Antofagasta's shares recently traded at GBX 2,122, demonstrating a gain of GBX 26 in the latest trading session.

Antofagasta (LON:ANTO - Get Free Report) had its price target raised by equities researchers at Berenberg Bank from GBX 2,100 ($28.41) to GBX 2,200 ($29.77) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the mining company's stock. Berenberg Bank's target price points to a potential upside of 3.68% from the company's previous close.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Antofagasta from GBX 1,950 ($26.38) to GBX 2,000 ($27.06) and gave the company a "hold" rating in a research note on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,700 ($23.00) price objective on shares of Antofagasta in a research report on Thursday, July 24th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 2,500 ($33.82) price target on shares of Antofagasta in a research note on Friday. Finally, Citigroup reaffirmed a "buy" rating and issued a GBX 2,300 ($31.12) price target on shares of Antofagasta in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,137.50 ($28.92).

Antofagasta Stock Performance

Shares of ANTO stock traded up GBX 26 ($0.35) during trading on Thursday, reaching GBX 2,122 ($28.71). The company had a trading volume of 1,036,224 shares, compared to its average volume of 2,549,318. The firm's 50 day simple moving average is GBX 1,893.33 and its two-hundred day simple moving average is GBX 1,786.37. 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 has a one year low of GBX 1,278 ($17.29) and a one year high of GBX 2,171 ($29.37). The company has a market capitalization of £26.14 billion, a PE ratio of 34.21, a PEG ratio of -1.08 and a beta of 1.00.

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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