Goldman Sachs Group Trims Antofagasta (LON:ANTO) Target Price to GBX 910

Antofagasta (LON:ANTO) had its target price decreased by Goldman Sachs Group from GBX 925 ($12.09) to GBX 910 ($11.89) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a neutral rating on the mining company’s stock.

ANTO has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a buy rating on shares of Antofagasta in a research note on Friday, October 11th. Liberum Capital reaffirmed a hold rating on shares of Antofagasta in a research note on Friday, August 9th. Peel Hunt reaffirmed a hold rating and issued a GBX 950 ($12.41) price objective on shares of Antofagasta in a research note on Thursday, August 22nd. Barclays reaffirmed an underweight rating on shares of Antofagasta in a research note on Wednesday, October 30th. Finally, Deutsche Bank reaffirmed a sell rating on shares of Antofagasta in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 881.92 ($11.52).

Antofagasta stock opened at GBX 932.80 ($12.19) on Tuesday. The company has a 50 day moving average price of GBX 878.30 and a 200 day moving average price of GBX 874.49. Antofagasta has a 52 week low of GBX 727.60 ($9.51) and a 52 week high of GBX 1,026 ($13.41). The company has a debt-to-equity ratio of 29.27, a quick ratio of 1.90 and a current ratio of 2.31. The firm has a market capitalization of $9.16 billion and a price-to-earnings ratio of 14.11.

About Antofagasta

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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Analyst Recommendations for Antofagasta (LON:ANTO)

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