Antofagasta (LON:ANTO) had its target price boosted by Barclays from GBX 725 ($9.47) to GBX 875 ($11.43) in a research report issued on Tuesday, Digital Look reports. The brokerage currently has an “underweight” rating on the mining company’s stock. Barclays‘s target price would indicate a potential downside of 21.17% from the company’s previous close.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Antofagasta from GBX 700 ($9.15) to GBX 860 ($11.24) and gave the company an “underweight” rating in a research report on Wednesday, July 15th. UBS Group reaffirmed a “neutral” rating on shares of Antofagasta in a research report on Thursday, July 23rd. Deutsche Bank boosted their target price on Antofagasta from GBX 860 ($11.24) to GBX 870 ($11.37) and gave the company a “hold” rating in a research report on Monday, July 13th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,110 ($14.50) target price (up from GBX 965 ($12.61)) on shares of Antofagasta in a research report on Wednesday, July 22nd. Finally, Royal Bank of Canada boosted their target price on Antofagasta from GBX 600 ($7.84) to GBX 820 ($10.71) and gave the company an “underperform” rating in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 917.69 ($11.99).
ANTO stock opened at GBX 1,110 ($14.50) on Tuesday. The stock has a 50-day moving average price of GBX 1,084.18 and a 200-day moving average price of GBX 894.21. Antofagasta has a 1-year low of GBX 575 ($7.51) and a 1-year high of GBX 1,148.50 ($15.01). The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 27.47. The firm has a market cap of $10.94 billion and a PE ratio of 32.74.
Antofagasta Company Profile
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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