Antofagasta (LON:ANTO) PT Lowered to GBX 750
Antofagasta (LON:ANTO) had its price target reduced by equities research analysts at Jefferies Financial Group from GBX 850 ($11.18) to GBX 750 ($9.87) in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 13.64% from the company’s current price.
ANTO has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on Antofagasta from GBX 780 ($10.26) to GBX 790 ($10.39) and gave the stock an “underweight” rating in a report on Wednesday, January 22nd. Liberum Capital upgraded Antofagasta to a “buy” rating and raised their target price for the stock from GBX 840 ($11.05) to GBX 1,100 ($14.47) in a research report on Tuesday, January 14th. Citigroup restated a “buy” rating and set a GBX 1,100 ($14.47) target price on shares of Antofagasta in a research report on Monday, January 27th. Credit Suisse Group restated an “underperform” rating and set a GBX 810 ($10.66) target price on shares of Antofagasta in a research report on Monday, November 25th. Finally, Peel Hunt restated a “hold” rating on shares of Antofagasta in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 881.07 ($11.59).
Shares of LON:ANTO traded down GBX 7.80 ($0.10) during trading on Thursday, hitting GBX 660 ($8.68). 4,677,220 shares of the stock were exchanged, compared to its average volume of 3,470,000. Antofagasta has a 1-year low of GBX 656.60 ($8.64) and a 1-year high of GBX 1,026 ($13.50). The company has a market capitalization of $6.51 billion and a price-to-earnings ratio of 9.98. The company’s fifty day simple moving average is GBX 784.22 and its 200-day simple moving average is GBX 869.60. The company has a debt-to-equity ratio of 29.27, a quick ratio of 1.90 and a current ratio of 2.31.
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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