Antofagasta (LON:ANTO)’s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup in a report issued on Wednesday, PriceTargets.com reports. They presently have a GBX 1,500 ($19.82) price target on the mining company’s stock. Citigroup’s price target points to a potential upside of 11.73% from the company’s current price.
ANTO has been the subject of a number of other research reports. Barclays dropped their target price on Antofagasta from GBX 1,200 ($15.86) to GBX 1,100 ($14.54) and set an “underweight” rating for the company in a research report on Friday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,300 ($17.18) price target on shares of Antofagasta in a research note on Wednesday. Royal Bank of Canada raised Antofagasta to a “sector perform” rating and lifted their price target for the stock from GBX 1,150 ($15.20) to GBX 1,350 ($17.84) in a research note on Friday, October 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a GBX 1,060 ($14.01) price target on shares of Antofagasta in a research note on Thursday, November 25th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 1,550 ($20.48) price target on shares of Antofagasta in a research note on Thursday, October 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Antofagasta presently has a consensus rating of “Hold” and a consensus price target of GBX 1,346.67 ($17.80).
LON:ANTO opened at GBX 1,342.50 ($17.74) on Wednesday. The business has a 50 day moving average of GBX 1,406.07 and a 200 day moving average of GBX 1,446.63. The company has a market capitalization of £13.24 billion and a price-to-earnings ratio of 16.94. Antofagasta has a 1-year low of GBX 1,280.50 ($16.92) and a 1-year high of GBX 1,972 ($26.06). The company has a debt-to-equity ratio
Antofagasta Company Profile
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile and internationally. It operates through Los Pelambres, Centinela, Antucoya, ZaldÃvar, Exploration and Evaluation, and Transport segments. The company explores for copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.