Deutsche Bank Aktiengesellschaft Reiterates Sell Rating for Antofagasta (LON:ANTO)

Key Points

• Deutsche Bank reaffirmed its “sell” rating on Antofagasta and set a GBX 3,400 price target, implying 5.92% downside from the current share price.
• Analyst sentiment is mixed but leans negative: Antofagasta has two Buy, three Hold, and three Sell ratings, resulting in an overall “Reduce” consensus and an average price target of GBX 3,843.75.
• Antofagasta shares opened at GBX 3,613.95, below their 50-day and 200-day moving averages. The copper mining group has a market capitalization of approximately £35.63 billion and has traded between GBX 2,077 and GBX 4,475 over the past year.

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "sell" rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 3,400 target price on the mining company's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential downside of 5.92% from the stock's current price.

ANTO has been the topic of several other research reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 4,500 price objective on shares of Antofagasta in a research report on Tuesday, June 9th. JPMorgan Chase & Co. reduced their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an "overweight" rating for the company in a research report on Friday. Berenberg Bank restated a "hold" rating and set a GBX 4,400 price target on shares of Antofagasta in a research note on Friday. Royal Bank Of Canada cut shares of Antofagasta to an "underperform" rating and set a GBX 2,700 price target on the stock. in a report on Monday, July 20th. Finally, Citigroup upped their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a "buy" rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of GBX 3,843.75.

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 3,613.95 on Friday. The company's 50-day moving average is GBX 3,823.71 and its 200 day moving average is GBX 3,796.55. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The company has a market capitalization of £35.63 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. Antofagasta has a fifty-two week low of GBX 2,077 and a fifty-two week high of GBX 4,475.

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.

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