Antofagasta (LON:ANTO) Given New GBX 4,300 Price Target at Citigroup

Antofagasta (LON:ANTO) had its target price upped by Citigroup from GBX 4,000 to GBX 4,300 in a report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the mining company’s stock. Citigroup’s target price indicates a potential upside of 10.71% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th. Morgan Stanley downgraded Antofagasta to an “underweight” rating and lowered their price target for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and boosted their target price for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 3,493.75.

Antofagasta Stock Up 2.7%

ANTO stock traded up GBX 101.50 during midday trading on Thursday, hitting GBX 3,884. The company’s stock had a trading volume of 19,153,725 shares, compared to its average volume of 13,875,608. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. Antofagasta has a 52-week low of GBX 1,592 and a 52-week high of GBX 4,475. The firm has a market capitalization of £38.29 billion, a P/E ratio of 28.81, a PEG ratio of -1.08 and a beta of 1.38. The firm has a 50-day simple moving average of GBX 3,714.94 and a 200-day simple moving average of GBX 3,307.03.

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

Antofagasta Company Profile

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.