Antofagasta plc (LON:ANTO) Given Average Recommendation of “Hold” by Analysts

Antofagasta plc (LON:ANTO) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,005.71 ($25.07).

ANTO has been the topic of a number of research analyst reports. Citigroup reduced their price target on Antofagasta from GBX 2,800 ($35.00) to GBX 2,500 ($31.25) and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Antofagasta from GBX 2,100 ($26.25) to GBX 2,000 ($25.00) and set a “hold” rating for the company in a report on Monday, September 9th.

Antofagasta Stock Down 0.9 %

Shares of Antofagasta stock opened at GBX 1,571 ($19.64) on Friday. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a 52-week low of GBX 1,538 ($19.22) and a 52-week high of GBX 2,425 ($30.31). The company’s 50 day moving average price is GBX 1,769.44 and its 200-day moving average price is GBX 1,909.34. The stock has a market capitalization of £15.49 billion, a price-to-earnings ratio of 2,662.71, a P/E/G ratio of -1.08 and a beta of 1.00.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.