Antofagasta (LON:ANTO) Upgraded at UBS Group
UBS Group upgraded shares of Antofagasta (LON:ANTO) to a neutral rating in a research report released on Friday, Stock Target Advisor reports. UBS Group currently has GBX 850 ($11.18) price objective on the mining company’s stock, up from their previous price objective of GBX 800 ($10.52).
Several other research firms also recently weighed in on ANTO. Goldman Sachs Group lifted their target price on shares of Antofagasta from GBX 890 ($11.71) to GBX 910 ($11.97) and gave the stock a neutral rating in a research note on Thursday, January 30th. HSBC downgraded shares of Antofagasta to a reduce rating and lifted their target price for the stock from GBX 820 ($10.79) to GBX 835 ($10.98) in a research note on Thursday, December 19th. Peel Hunt lifted their target price on shares of Antofagasta from GBX 915 ($12.04) to GBX 940 ($12.37) and gave the stock a hold rating in a research note on Tuesday, January 28th. Citigroup reiterated a buy rating and issued a GBX 1,100 ($14.47) target price on shares of Antofagasta in a research note on Monday, January 27th. Finally, Deutsche Bank upgraded shares of Antofagasta to a hold rating and lifted their target price for the stock from GBX 840 ($11.05) to GBX 850 ($11.18) in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 900.36 ($11.84).
ANTO opened at GBX 877.20 ($11.54) on Friday. The company has a market capitalization of $8.65 billion and a price-to-earnings ratio of 13.27. The company has a quick ratio of 1.90, a current ratio of 2.31 and a debt-to-equity ratio of 29.27. The firm has a 50-day moving average price of GBX 899.27 and a 200-day moving average price of GBX 885.65. Antofagasta has a twelve month low of GBX 768.80 ($10.11) and a twelve month high of GBX 1,026 ($13.50).
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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