Antofagasta plc (LON:ANTO) Given Average Recommendation of “Hold” by Brokerages

Shares of Antofagasta plc (LON:ANTO) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,948.57 ($24.54).

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Antofagasta in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Antofagasta from GBX 2,100 ($26.45) to GBX 2,000 ($25.19) and set a “hold” rating for the company in a report on Monday, September 9th.

Antofagasta Stock Up 1.1 %

Shares of Antofagasta stock opened at GBX 1,683.50 ($21.20) on Monday. The stock has a market capitalization of £16.60 billion, a price-to-earnings ratio of 2,821.19, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The firm’s 50-day moving average price is GBX 1,809.05. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84. Antofagasta has a twelve month low of GBX 1,385.50 ($17.45) and a twelve month high of GBX 2,425 ($30.54).

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.