Antofagasta (LON:ANTO) had its price objective boosted by equities research analysts at UBS Group from GBX 830 ($10.56) to GBX 900 ($11.45) in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “neutral” rating on the mining company’s stock.
Several other research firms also recently commented on ANTO. Jefferies Financial Group raised their price objective on Antofagasta from GBX 800 ($10.18) to GBX 950 ($12.09) and gave the stock a “hold” rating in a report on Friday, June 19th. Royal Bank of Canada raised their price target on Antofagasta from GBX 600 ($7.64) to GBX 820 ($10.44) and gave the company an “underperform” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. lifted their price objective on Antofagasta from GBX 660 ($8.40) to GBX 700 ($8.91) and gave the company an “underweight” rating in a report on Thursday, April 30th. Morgan Stanley increased their target price on shares of Antofagasta from GBX 680 ($8.65) to GBX 790 ($10.05) and gave the stock an “underweight” rating in a report on Tuesday, June 9th. Finally, Deutsche Bank boosted their price target on shares of Antofagasta from GBX 760 ($9.67) to GBX 860 ($10.95) and gave the company a “hold” rating in a report on Thursday, June 11th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 874.64 ($11.13).
The stock has a 50 day moving average of GBX 859.78 and a 200-day moving average of GBX 836.54. The company has a debt-to-equity ratio of 29.33, a current ratio of 2.33 and a quick ratio of 1.95. Antofagasta has a one year low of GBX 575 ($7.32) and a one year high of GBX 993.80 ($12.65). The company has a market cap of $9.09 billion and a P/E ratio of 17.78.
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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