Antofagasta (LON:ANTO) Price Target Cut to GBX 2,000

Antofagasta (LON:ANTO) had its price target reduced by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 2,100 ($27.46) to GBX 2,000 ($26.15) in a research report issued on Monday, Digital Look reports. The brokerage presently has a “hold” rating on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 20.52% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Bank of America restated a “buy” rating and issued a GBX 2,520 ($32.95) price objective on shares of Antofagasta in a report on Wednesday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Antofagasta from GBX 1,700 ($22.23) to GBX 1,850 ($24.19) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 2,065 ($27.00) target price on shares of Antofagasta in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,967.14 ($25.72).

Antofagasta Stock Performance

Shares of Antofagasta stock remained flat at GBX 1,659.50 ($21.70) during trading on Monday. The stock had a trading volume of 1,530,557 shares, compared to its average volume of 2,217,380. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The company has a market cap of £16.36 billion, a P/E ratio of 2,820.34, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 12 month low of GBX 1,280 ($16.74) and a 12 month high of GBX 2,425 ($31.71). The business’s 50 day simple moving average is GBX 1,928.16 and its two-hundred day simple moving average is GBX 2,042.22.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.