Antofagasta plc (LON:ANTO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Antofagasta plc (LON:ANTO) has been rated as a "Moderate Buy" by six brokerages, with two holding and four buying recommendations.
• The average 12-month target price for Antofagasta shares is currently set at GBX 2,137.50, with individual targets from analysts ranging up to GBX 2,500.
• As of Friday, Antofagasta's shares were priced at GBX 2,230, reflecting a market capitalization of approximately £21.98 billion.

Shares of Antofagasta plc (LON:ANTO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,137.50.

Several research firms have recently commented on ANTO. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,700 price objective on shares of Antofagasta in a report on Thursday, July 24th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 2,500 price target on shares of Antofagasta in a report on Friday, August 15th. Citigroup reissued a "buy" rating and set a GBX 2,300 price target on shares of Antofagasta in a report on Friday, August 15th. Berenberg Bank increased their price target on shares of Antofagasta from GBX 2,100 to GBX 2,200 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a "hold" rating in a report on Monday, August 4th.

Antofagasta Stock Performance

Shares of ANTO stock traded up GBX 13 during trading hours on Friday, hitting GBX 2,284. The company's stock had a trading volume of 911,863 shares, compared to its average volume of 2,896,785. The company has a 50 day moving average of GBX 2,066.53 and a 200 day moving average of GBX 1,855.10. The stock has a market cap of £22.52 billion, a PE ratio of 2,063.23, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 12-month low of GBX 1,278 and a 12-month high of GBX 2,326.

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.