Antofagasta (LON:ANTO) Earns Hold Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of Antofagasta (LON:ANTO) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 760 ($10.00) target price on the mining company’s stock, down from their previous target price of GBX 850 ($11.18).
Several other analysts have also issued reports on the company. Goldman Sachs Group dropped their price objective on Antofagasta from GBX 910 ($11.97) to GBX 890 ($11.71) and set a neutral rating on the stock in a research note on Monday, February 17th. Barclays upped their price objective on Antofagasta from GBX 700 ($9.21) to GBX 750 ($9.87) and gave the company an underweight rating in a research note on Wednesday, January 15th. HSBC lowered Antofagasta to a reduce rating and upped their price objective for the company from GBX 820 ($10.79) to GBX 835 ($10.98) in a research note on Thursday, December 19th. Credit Suisse Group restated an underperform rating and issued a GBX 810 ($10.66) price objective on shares of Antofagasta in a research note on Monday, November 25th. Finally, UBS Group upgraded Antofagasta to a neutral rating and upped their price objective for the company from GBX 800 ($10.52) to GBX 850 ($11.18) in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 881.07 ($11.59).
LON:ANTO traded down GBX 7.80 ($0.10) on Wednesday, hitting GBX 660 ($8.68). The company’s stock had a trading volume of 4,677,220 shares, compared to its average volume of 3,470,000. The company has a current ratio of 2.31, a quick ratio of 1.90 and a debt-to-equity ratio of 29.27. The stock has a fifty day moving average of GBX 784.22 and a two-hundred day moving average of GBX 869.60. The firm has a market capitalization of $6.51 billion and a P/E ratio of 9.98. Antofagasta has a one year low of GBX 656.60 ($8.64) and a one year 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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