Brokerages Set Antofagasta plc (LON:ANTO) Target Price at GBX 2,013.13

Antofagasta plc (LON:ANTO) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 2,013.13 ($24.97).

Several research firms have commented on ANTO. Citigroup dropped their price target on shares of Antofagasta from GBX 2,800 ($34.74) to GBX 2,500 ($31.01) and set a “buy” rating for the company in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,065 ($25.62) price target on shares of Antofagasta in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd.

Antofagasta Price Performance

Shares of ANTO opened at GBX 1,790 ($22.21) on Friday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. Antofagasta has a fifty-two week low of GBX 1,567.50 ($19.45) and a fifty-two week high of GBX 2,425 ($30.08). The company has a market cap of £17.65 billion, a P/E ratio of 3,033.90, a PEG ratio of -1.08 and a beta of 1.00. The firm’s 50 day moving average price is GBX 1,685.26 and its 200 day moving average price is GBX 1,790.09.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.