Barclays Trims Antofagasta (LON:ANTO) Target Price to GBX 1,685

Antofagasta (LON:ANTO - Get Free Report) had its price objective cut by stock analysts at Barclays from GBX 1,725 ($21.67) to GBX 1,685 ($21.17) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has an "underweight" rating on the mining company's stock. Barclays's price target would indicate a potential downside of 23.34% from the company's current price.

Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,500 ($18.84) price target on shares of Antofagasta in a research note on Thursday, April 18th. Canaccord Genuity Group cut shares of Antofagasta to a "hold" rating and boosted their price objective for the company from GBX 1,925 ($24.18) to GBX 2,065 ($25.94) in a report on Friday, April 26th. JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 1,700 ($21.36) target price on shares of Antofagasta in a report on Thursday, April 18th. Citigroup reaffirmed a "buy" rating and issued a GBX 2,100 ($26.38) target price on shares of Antofagasta in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group reissued a "hold" rating and set a GBX 1,550 ($19.47) price target on shares of Antofagasta in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 1,710 ($21.48).

Antofagasta Stock Up 0.3 %

LON:ANTO traded up GBX 6 ($0.08) during mid-day trading on Tuesday, hitting GBX 2,198 ($27.61). 2,401,492 shares of the company's stock were exchanged, compared to its average volume of 1,218,871. The company has a market cap of £21.67 billion, a PE ratio of 3,232.35, a P/E/G ratio of -1.08 and a beta of 1.14. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta has a one year low of GBX 1,280 ($16.08) and a one year high of GBX 2,336 ($29.35). The business has a fifty day moving average price of GBX 2,051.84 and a 200 day moving average price of GBX 1,729.94.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.