Antofagasta (LON:ANTO) was upgraded by analysts at Liberum Capital to a “hold” rating in a research note issued on Wednesday, Digital Look reports. The firm currently has a GBX 840 ($10.98) price objective on the mining company’s stock. Liberum Capital’s price objective suggests a potential downside of 2.78% from the stock’s current price.
Several other equities research analysts have also recently weighed in on ANTO. Morgan Stanley reissued an “equal weight” rating on shares of Antofagasta in a research note on Wednesday, February 13th. Deutsche Bank reissued a “hold” rating on shares of Antofagasta in a research note on Tuesday, February 19th. Barclays restated an “equal weight” rating on shares of Antofagasta in a research report on Monday, February 25th. Royal Bank of Canada lowered Antofagasta to a “sector performer” rating and cut their target price for the company from GBX 890 ($11.63) to GBX 850 ($11.11) in a research report on Tuesday, March 12th. Finally, Peel Hunt restated an “add” rating on shares of Antofagasta in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 912.69 ($11.93).
Shares of ANTO stock opened at GBX 864 ($11.29) on Wednesday. The stock has a market capitalization of $8.52 billion and a PE ratio of 15.68. The company has a quick ratio of 2.19, a current ratio of 2.63 and a debt-to-equity ratio of 26.42. Antofagasta has a 1-year low of GBX 713.20 ($9.32) and a 1-year high of GBX 1,111.50 ($14.52).
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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