Antofagasta (LON:ANTO)‘s stock had its “neutral” rating reissued by equities researchers at UBS Group in a research report issued on Wednesday, June 26th, ThisIsMoney.Co.Uk reports. They presently have a GBX 900 ($11.76) price objective on the mining company’s stock, down from their prior price objective of GBX 925 ($12.09). UBS Group’s target price would indicate a potential upside of 0.16% from the stock’s previous close.
ANTO has been the topic of a number of other research reports. Deutsche Bank lowered their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Goldman Sachs Group upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $207.00 to $232.00 in a report on Thursday, April 11th. BNP Paribas upgraded shares of Antofagasta from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 21st. HSBC assumed coverage on shares of Tullow Oil in a research note on Tuesday, May 28th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $7.50 price objective on shares of Deutsche Bank in a research note on Thursday, April 25th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 905 ($11.83).
Shares of ANTO stock traded down GBX 9 ($0.12) on Wednesday, reaching GBX 898.60 ($11.74). 1,246,850 shares of the company were exchanged, compared to its average volume of 3,470,000. The company has a current ratio of 2.63, a quick ratio of 2.19 and a debt-to-equity ratio of 26.42. Antofagasta has a one year low of GBX 713.20 ($9.32) and a one year high of GBX 1,026 ($13.41). The stock has a market capitalization of $8.86 billion and a P/E ratio of 16.31. The firm has a 50-day simple moving average of GBX 866.03.
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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