Antofagasta (LON:ANTO) Rating Increased to Buy at Berenberg Bank

Antofagasta (LON:ANTO) was upgraded by equities researchers at Berenberg Bank to a “buy” rating in a note issued to investors on Monday, Digital Look reports. The brokerage currently has a GBX 4,400 target price on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 20.58% from the company’s current price.

ANTO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,400 price target on shares of Antofagasta in a report on Friday, August 14th. JPMorgan Chase & Co. decreased their price objective on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a report on Friday, August 14th. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 price objective for the company. in a research report on Monday, July 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Antofagasta has a consensus rating of “Hold” and an average target price of GBX 3,843.75.

Antofagasta Stock Performance

Shares of LON ANTO opened at GBX 3,649 on Monday. The stock has a market cap of £35.97 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of -1.08 and a beta of 1.41. The company has a current ratio of 2.58, a quick ratio of 2.78 and a debt-to-equity ratio of 75.57. Antofagasta has a 1-year low of GBX 2,233.01 and a 1-year high of GBX 4,475. The stock’s 50-day moving average is GBX 3,800.73 and its 200 day moving average is GBX 3,811.03.

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.