Antofagasta plc (LON:ANTO) Receives GBX 2,104.17 Average PT from Brokerages

Key Points

• Antofagasta plc is currently rated as a "Moderate Buy" by six analysts, with a consensus price target of GBX 2,104.17 ($28.28).
• Recent price targets from analysts include a hike by Citigroup from GBX 2,000 ($26.88) to GBX 2,200 ($29.57) and by JPMorgan Chase from GBX 2,400 ($32.25) to GBX 2,500 ($33.60).
• The stock has demonstrated resilience, with a 1-year low of GBX 1,278 ($17.18) and a high of GBX 2,097.50 ($28.19).

Antofagasta plc (LON:ANTO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 2,104.17 ($28.10).

ANTO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Antofagasta from GBX 2,400 ($32.05) to GBX 2,500 ($33.39) and gave the company an "overweight" rating in a report on Thursday, July 10th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,700 ($22.70) price objective on shares of Antofagasta in a report on Thursday, July 24th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,100 ($28.04) price objective on shares of Antofagasta in a report on Wednesday, July 16th. Finally, Citigroup raised their price objective on shares of Antofagasta from GBX 2,000 ($26.71) to GBX 2,200 ($29.38) and gave the stock a "buy" rating in a report on Thursday, July 10th.

Antofagasta Stock Performance

Shares of LON ANTO traded down GBX 15.50 ($0.21) during trading on Friday, reaching GBX 1,985.50 ($26.52). 561,712 shares of the company traded hands, compared to its average volume of 2,697,907. The firm has a 50 day simple moving average of GBX 1,843.66 and a 200-day simple moving average of GBX 1,763.55. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The stock has a market capitalization of £24.46 billion, a PE ratio of 32.01, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a 52-week low of GBX 1,278 ($17.07) and a 52-week high of GBX 2,097.50 ($28.01).

About Antofagasta

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.