Antofagasta (LON:ANTO) Earns “Underperform” Rating from Royal Bank Of Canada

Antofagasta (LON:ANTO)‘s stock had its “underperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Friday,London Stock Exchange reports. They presently have a GBX 2,800 price target on the mining company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 25.41% from the stock’s previous close.

Several other analysts have also recently weighed in on ANTO. JPMorgan Chase & Co. boosted their price objective on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley cut Antofagasta to an “underweight” rating and dropped their price objective for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Finally, Canaccord Genuity Group cut Antofagasta to a “hold” rating and upped their price target for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 2,964.29.

Antofagasta Stock Performance

Shares of LON:ANTO opened at GBX 3,754 on Friday. The stock has a market capitalization of £37.01 billion, a P/E ratio of 27.85, a P/E/G ratio of -1.08 and a beta of 1.38. Antofagasta has a 1-year low of GBX 1,441.50 and a 1-year high of GBX 4,475. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The business has a 50-day moving average price of GBX 3,695.49 and a two-hundred day moving average price of GBX 3,228.33.

Antofagasta (LON:ANTO) last announced its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. Equities analysts predict that Antofagasta will post 87.0403995 earnings per share for the current year.

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.