Antofagasta (LON:ANTO) Stock Rating Reaffirmed by Deutsche Bank
Antofagasta (LON:ANTO)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 760 ($10.00) target price on the mining company’s stock, down from their prior target price of GBX 850 ($11.18). Deutsche Bank’s price target points to a potential upside of 15.15% from the company’s previous close.
A number of other analysts have also issued reports on the company. Goldman Sachs Group lowered their target price on Antofagasta from GBX 910 ($11.97) to GBX 890 ($11.71) and set a “neutral” rating on the stock in a report on Monday, February 17th. HSBC lowered Antofagasta to a “reduce” rating and raised their target price for the company from GBX 820 ($10.79) to GBX 835 ($10.98) in a report on Thursday, December 19th. Citigroup reaffirmed a “buy” rating and issued a GBX 1,100 ($14.47) target price on shares of Antofagasta in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 780 ($10.26) to GBX 790 ($10.39) and gave the company an “underweight” rating in a report on Wednesday, January 22nd. Finally, Barclays raised their target price on Antofagasta from GBX 700 ($9.21) to GBX 750 ($9.87) and gave the company an “underweight” rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 881.07 ($11.59).
ANTO traded down GBX 7.80 ($0.10) during midday trading on Wednesday, reaching 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 stock has a market cap of $6.51 billion and a P/E ratio of 9.98. The company has a fifty day simple moving average of GBX 784.22 and a 200 day simple moving average of GBX 869.60. The company has a current ratio of 2.31, a quick ratio of 1.90 and a debt-to-equity ratio of 29.27. Antofagasta has a twelve month low of GBX 656.60 ($8.64) 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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