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

Key Points

• Analysts have given Antofagasta plc an average rating of "Moderate Buy," with four out of six firms recommending a buy rating.
• The average twelve-month price target for Antofagasta shares is GBX 2,137.50, indicating potential for growth.
• Antofagasta's shares opened at GBX 2,115 and have seen a one-year trading range between GBX 1,278 and GBX 2,171.

Antofagasta plc (LON:ANTO - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,137.50.

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

Antofagasta Stock Up 1.5%

Shares of LON ANTO traded up GBX 31 during mid-day trading on Wednesday, reaching GBX 2,167. 434,895 shares of the company's stock traded hands, compared to its average volume of 2,493,397. The stock has a market cap of £26.70 billion, a P/E ratio of 34.93, a PEG ratio of -1.08 and a beta of 1.00. The business has a 50-day simple moving average of GBX 1,926 and a 200 day simple moving average of GBX 1,803.96. Antofagasta has a 1-year low of GBX 1,278 and a 1-year high of GBX 2,171. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

Antofagasta Company Profile

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.