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

Key Points

• Antofagasta plc has received a consensus recommendation of "Moderate Buy" from six brokerages, with two analysts rating it as a hold and four as a buy.
• The average 1-year price target for Antofagasta among analysts is GBX 2,254.17, indicating potential for growth.
• Berenberg Bank has notably increased its price target for Antofagasta from GBX 2,200 to GBX 2,900, maintaining a "buy" rating.

Antofagasta plc (LON:ANTO - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 2,254.17.

ANTO has been the subject of several recent research reports. Berenberg Bank lifted their price target on Antofagasta from GBX 2,200 to GBX 2,900 and gave the company a "buy" rating in a research report on Wednesday. Citigroup restated a "buy" rating and issued a GBX 2,300 price objective on shares of Antofagasta in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a "hold" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 2,500 price target on shares of Antofagasta in a research report on Friday, August 15th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,700 price target on shares of Antofagasta in a research report on Thursday, July 24th.

Antofagasta Stock Performance

LON ANTO opened at GBX 2,793 on Thursday. The stock has a 50-day simple moving average of GBX 2,262.97 and a two-hundred day simple moving average of GBX 1,932.53. The firm has a market capitalization of £27.53 billion, a P/E ratio of 2,523.04, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 2,823. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

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.

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