Antofagasta plc (LON:ANTO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Antofagasta a consensus "Hold" rating across seven firms (1 sell, 3 hold, 3 buy) with an average 12‑month target of GBX 2,992.86.
• The stock opened at GBX 3,482 (up 4.7%), trading within a 52‑week range of GBX 1,278–4,475, with a market capitalization of £34.33 billion and a P/E of 25.83.
• Most recent quarter showed EPS of GBX 129.30, a net margin of 15.9% and ROE of 10.67%, while sell‑side analysts forecast about GBX 87.04 EPS for the current fiscal year.

Shares of Antofagasta plc (LON:ANTO - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,992.86.

A number of analysts have recently weighed in on the company. Canaccord Genuity Group cut Antofagasta to a "hold" rating and raised their price objective for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Antofagasta in a research note on Thursday, February 5th. Morgan Stanley downgraded Antofagasta to an "underweight" rating and lowered their price target for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,700 price target on shares of Antofagasta in a research note on Wednesday, January 21st.

Antofagasta Trading Up 4.7%

LON:ANTO opened at GBX 3,482 on Thursday. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 4,475. The firm has a 50 day moving average of GBX 3,712.43 and a 200 day moving average of GBX 3,182.05. 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 stock has a market capitalization of £34.33 billion, a price-to-earnings ratio of 25.83, a PEG ratio of -1.08 and a beta of 1.29.

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