Peel Hunt reiterated their hold rating on shares of Antofagasta (LON:ANTO) in a research note released on Wednesday, June 26th, Digital Look reports. Peel Hunt currently has a GBX 920 ($12.02) price target on the mining company’s stock.
Several other research firms have also commented on ANTO. BNP Paribas raised Antofagasta from a neutral rating to an outperform rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered Engie to a hold rating in a report on Wednesday, April 10th. Liberum Capital raised to a hold rating and set a GBX 840 ($10.98) target price on the stock in a report on Wednesday, June 12th. Barclays reaffirmed a sell rating and set a $17.00 target price on shares of Infineon Technologies in a report on Wednesday, May 8th. Finally, HSBC assumed coverage on Tullow Oil in a report on Tuesday, May 28th. They issued a hold rating on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 905 ($11.83).
Antofagasta stock traded down GBX 9 ($0.12) during midday trading on Wednesday, reaching GBX 898.60 ($11.74). The company’s stock had a trading volume of 1,246,850 shares, compared to its average volume of 3,470,000. The stock’s 50-day simple moving average is GBX 866.03. The company has a debt-to-equity ratio of 26.42, a current ratio of 2.63 and a quick ratio of 2.19. Antofagasta has a 52-week low of GBX 713.20 ($9.32) and a 52-week high of GBX 1,026 ($13.41). The firm has a market capitalization of $8.86 billion and a PE ratio of 16.31.
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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