Antofagasta (LON:ANTO - Free Report) had its target price hoisted by Citigroup from GBX 2,000 ($27.17) to GBX 2,200 ($29.89) in a research note released on Thursday, Marketbeat.com reports. The firm currently has a buy rating on the mining company's stock.
Other equities research analysts have also issued reports about the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,100 ($28.53) target price on shares of Antofagasta in a research report on Thursday, July 3rd. JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 2,400 ($32.60) to GBX 2,500 ($33.96) and gave the company an "overweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,165 ($29.41).
View Our Latest Research Report on ANTO
Antofagasta Stock Up 0.2%
Shares of ANTO traded up GBX 4 ($0.05) during trading on Thursday, reaching GBX 1,887.50 ($25.64). The company's stock had a trading volume of 880,016 shares, compared to its average volume of 2,858,483. The company has a fifty day moving average of GBX 1,807.61 and a two-hundred day moving average of GBX 1,737.21. Antofagasta has a twelve month low of GBX 1,278 ($17.36) and a twelve month high of GBX 2,239 ($30.42). The company has a market cap of £23.26 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.
Antofagasta Company Profile
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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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