Berenberg Bank Reaffirms "Buy" Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Marketbeat.com reports. They presently have a GBX 2,100 ($28.10) price objective on the mining company's stock. Berenberg Bank's target price would suggest a potential upside of 34.14% from the company's previous close.

A number of other brokerages have also issued reports on ANTO. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 2,400 ($32.12) target price on shares of Antofagasta in a research report on Friday, March 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,125 ($28.44) target price on shares of Antofagasta in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,174.38 ($29.10).

Antofagasta Price Performance

LON ANTO traded up GBX 27 ($0.36) during trading hours on Wednesday, reaching GBX 1,565.50 ($20.95). The company's stock had a trading volume of 676,503 shares, compared to its average volume of 4,119,996. 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 has a 1-year low of GBX 1,278 ($17.10) and a 1-year high of GBX 2,425 ($32.45). The company's 50-day moving average is GBX 1,709.14 and its two-hundred day moving average is GBX 1,733.22. The firm has a market capitalization of £19.29 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of -1.08 and a beta of 1.00.

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.