Antofagasta (LON:ANTO) Given Buy Rating at Berenberg Bank

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "buy" rating reiterated by Berenberg Bank in a research report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 2,100 ($28.17) target price on the mining company's stock. Berenberg Bank's target price would suggest a potential upside of 12.39% from the company's current price.

ANTO has been the subject of a number of other research reports. Citigroup increased their price target on Antofagasta from GBX 2,000 ($26.83) to GBX 2,200 ($29.51) and gave the stock a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on Antofagasta from GBX 2,400 ($32.19) to GBX 2,500 ($33.53) and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,185 ($29.31).

Antofagasta Price Performance

ANTO stock traded up GBX 47 ($0.63) during trading on Wednesday, reaching GBX 1,868.50 ($25.06). The company's stock had a trading volume of 1,167,435 shares, compared to its average volume of 2,782,000. Antofagasta has a 1 year low of GBX 1,278 ($17.14) and a 1 year high of GBX 2,097.50 ($28.14). The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The company has a market capitalization of £23.02 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company's fifty day moving average is GBX 1,824.25 and its 200-day moving average is GBX 1,749.33.

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.