Antofagasta plc (LON:ANTO) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analyst consensus: Eight analysts give Antofagasta an average recommendation of "Reduce" (3 sell, 4 hold, 1 buy) with a 12‑month average target of GBX 3,493.75.
• Price vs. targets: The stock opened at GBX 3,686, above the consensus target, while analyst targets range from about GBX 3,050 to GBX 4,300, indicating divergent views and potential downside from current levels.

Antofagasta plc (LON:ANTO - Get Free Report) has been assigned an average recommendation of "Reduce" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 3,493.75.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a "neutral" rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and set a GBX 3,100 target price on shares of Antofagasta in a research report on Thursday, April 16th. Morgan Stanley downgraded shares of Antofagasta to an "underweight" rating and cut their price target for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Berenberg Bank restated a "hold" rating and set a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Citigroup raised their price objective on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a "buy" rating in a report on Friday.

Antofagasta Price Performance

LON:ANTO opened at GBX 3,686 on Monday. The stock has a 50-day moving average price of GBX 3,716.59 and a two-hundred day moving average price of GBX 3,325.72. Antofagasta has a 1 year low of GBX 1,592 and a 1 year high of GBX 4,475. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The stock has a market cap of £36.34 billion, a price-to-earnings ratio of 27.34, a PEG ratio of -1.08 and a beta of 1.38.

Antofagasta (LON:ANTO - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. As a group, equities analysts expect that Antofagasta will post 87.0403995 earnings per share for the current year.

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.

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