Antofagasta (LON:ANTO) Cut to Underperform at Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Antofagasta (LON:ANTO) to an underperform rating in a research note issued to investors on Monday morning,Digital Look reports. They currently have GBX 2,700 price objective on the mining company’s stock.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 4,400 target price on shares of Antofagasta in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised shares of Antofagasta to an “overweight” rating and upped their price target for the stock from GBX 3,400 to GBX 4,500 in a research report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Citigroup raised their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,100 price objective on shares of Antofagasta in a research note on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 3,831.25.

Antofagasta Trading Up 3.5%

LON ANTO opened at GBX 3,796 on Monday. The firm has a market capitalization of £37.42 billion, a price-to-earnings ratio of 28.16, a PEG ratio of -1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. Antofagasta has a one year low of GBX 1,850.50 and a one year high of GBX 4,475. The company’s 50 day moving average price is GBX 3,899.59 and its 200 day moving average price is GBX 3,763.53.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.