Analysts Set Antofagasta plc (LON:ANTO) Price Target at GBX 1,948.57

Antofagasta plc (LON:ANTO) has received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 1,948.57 ($24.66).

ANTO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Antofagasta from GBX 2,100 ($26.57) to GBX 2,000 ($25.31) and set a “hold” rating on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. reduced their price target on shares of Antofagasta from GBX 1,730 ($21.89) to GBX 1,720 ($21.76) and set an “underweight” rating on the stock in a research report on Wednesday, September 11th.

Antofagasta Stock Performance

Antofagasta stock opened at GBX 1,675 ($21.19) on Monday. The stock has a market cap of £16.51 billion, a P/E ratio of 2,838.98, a PEG ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78. Antofagasta has a 1 year low of GBX 1,385.50 ($17.53) and a 1 year high of GBX 2,425 ($30.68). The firm’s 50 day moving average price is GBX 1,808.79 and its 200-day moving average price is GBX 1,973.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.