Antofagasta (ANTO) Stock Forecast & Price Target

GBX 1,967

+32.00 (+1.65%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Sustainability

Antofagasta - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Antofagasta in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 2 have given a sell rating, 4 have given a hold rating, and 2 have given a buy rating for ANTO.

Consensus Price Target

GBX 1,833.75

High Forecast	GBX 2,520
Average Forecast	GBX 1,833.75
Low Forecast	GBX 1,400

According to the 8 analysts' twelve-month price targets for Antofagasta, the average price target is GBX 1,833.75. The highest price target for ANTO is GBX 2,520, while the lowest price target for ANTO is GBX 1,400. The average price target represents a forecasted downside of -6.77% from the current price of GBX 1,967.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	GBX 1,833.75	GBX 1,815	GBX 1,663.89	GBX 1,458.75

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ANTO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ANTO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Antofagasta Stock vs. The Competition

Type	Antofagasta	Basic Materials Companies
Consensus Rating Score	2.00	2.64
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/17/2024	Canaccord Genuity Group 3 of 5 stars	Reiterated Rating	Hold	GBX 2,065	+2.94%
7/3/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Underweight	GBX 1,700 ➝ GBX 1,850	-13.96%
6/26/2024	Bank of America 4 of 5 stars	Reiterated Rating	Buy	GBX 2,520	+19.25%
5/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight	GBX 1,725 ➝ GBX 1,685	-23.41%
4/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold	GBX 1,500	-34.00%
2/20/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold	GBX 1,550	-12.73%
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1/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 2,100	+21.04%
9/8/2023	Peel Hunt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold	GBX 1,400	-3.95%
6/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight	GBX 1,340 ➝ GBX 1,490	-0.60%
2/28/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform	GBX 1,400	-10.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:54 AM ET.

ANTO Forecast - Frequently Asked Questions

What is Antofagasta's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Antofagasta is GBX 1,833.75, with a high forecast of GBX 2,520 and a low forecast of GBX 1,400.
Should I buy or sell Antofagasta stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Antofagasta in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ANTO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ANTO, but not buy additional shares or sell existing shares.
Does Antofagasta's stock price have much downside?: According to analysts, Antofagasta's stock has a predicted downside of -6.62% based on their 12-month stock forecasts.
What analysts cover Antofagasta?: Antofagasta has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, and JPMorgan Chase & Co. in the past 90 days.
Do Wall Street analysts like Antofagasta more than its competitors?: Analysts like Antofagasta less than other "basic materials" companies. The consensus rating for Antofagasta is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ANTO compares to other companies.