Antofagasta's (ANTO) Buy Rating Reaffirmed at Berenberg Bank

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 2,100 ($28.19) target price on the mining company's stock. Berenberg Bank's target price would indicate a potential upside of 12.39% from the company's previous close.

A number of other brokerages have also recently issued reports on ANTO. JPMorgan Chase & Co. boosted their price objective on Antofagasta from GBX 2,400 ($32.21) to GBX 2,500 ($33.56) and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup boosted their price objective on Antofagasta from GBX 2,000 ($26.85) to GBX 2,200 ($29.53) and gave the stock a "buy" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Antofagasta currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,185 ($29.33).

Antofagasta Stock Performance

LON ANTO traded up GBX 47 ($0.63) during trading on Wednesday, reaching GBX 1,868.50 ($25.08). 1,167,435 shares of the company's stock were exchanged, compared to its average volume of 2,782,000. The business has a 50 day moving average price of GBX 1,821.55 and a 200-day moving average price of GBX 1,745.38. The stock has a market capitalization of £23.02 billion, a P/E ratio of 30.12, a PEG ratio of -1.08 and a beta of 1.00. 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 fifty-two week low of GBX 1,278 ($17.15) and a fifty-two week high of GBX 2,097.50 ($28.15).

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.