Antofagasta (LON:ANTO) Earns Sector perform Rating from Royal Bank Of Canada

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "sector perform" rating reissued by research analysts at Royal Bank Of Canada in a report issued on Thursday, Marketbeat reports. They presently have a GBX 1,700 ($22.85) target price on the mining company's stock. Royal Bank Of Canada's target price indicates a potential downside of 15.55% from the company's current price.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Antofagasta from GBX 2,400 ($32.25) to GBX 2,500 ($33.60) and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup lifted their price objective on Antofagasta from GBX 2,000 ($26.88) to GBX 2,200 ($29.57) and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,100 ($28.22) price objective on shares of Antofagasta in a research report on Wednesday, July 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,104.17 ($28.28).

Antofagasta Stock Down 0.1%

Shares of LON ANTO traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 2,013 ($27.05). 783,819 shares of the stock traded hands, compared to its average volume of 2,726,448. The company has a market cap of £24.80 billion, a PE ratio of 32.45, a P/E/G ratio of -1.08 and a beta of 1.00. Antofagasta has a one year low of GBX 1,278 ($17.18) and a one year high of GBX 2,097.50 ($28.19). The business has a 50 day moving average price of GBX 1,839.64 and a two-hundred day moving average price of GBX 1,760.41. 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.