Antofagasta plc (LON:ANTO) Given Consensus Rating of "Moderate Buy" by Brokerages

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.

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

ANTO has been the subject of a number of recent research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,700 price objective on shares of Antofagasta in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a "hold" rating in a report on Monday, August 4th. Citigroup restated a "buy" rating and issued a GBX 2,300 price objective on shares of Antofagasta in a report on Friday, August 15th. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 2,500 price objective on shares of Antofagasta in a report on Friday, August 15th. Finally, Berenberg Bank increased their price objective on Antofagasta from GBX 2,100 to GBX 2,200 and gave the company a "buy" rating in a report on Thursday, August 14th.

Antofagasta Stock Up 1.4%

Shares of ANTO opened at GBX 2,230 on Friday. The stock has a market capitalization of £21.98 billion, a price-to-earnings ratio of 2,014.45, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 2,265. The stock has a fifty day moving average of GBX 2,036.18 and a 200-day moving average of GBX 1,841.57. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.