Royal Bank of Canada lowered shares of Antofagasta (LON:ANTO) to an underperform rating in a research report released on Tuesday morning, Stock Target Advisor reports. The brokerage currently has GBX 740 ($9.73) price objective on the mining company’s stock, down from their prior price objective of GBX 850 ($11.18).
Several other research firms also recently weighed in on ANTO. UBS Group reissued a sell rating on shares of Antofagasta in a research report on Thursday, January 23rd. HSBC downgraded Antofagasta to a reduce rating and boosted their target price for the company from GBX 820 ($10.79) to GBX 835 ($10.98) in a research report on Thursday, December 19th. Credit Suisse Group reissued an underperform rating and set a GBX 810 ($10.66) target price on shares of Antofagasta in a research report on Monday, November 25th. Citigroup reissued a buy rating and set a GBX 1,100 ($14.47) target price on shares of Antofagasta in a research report on Monday, January 27th. Finally, Deutsche Bank raised Antofagasta to a hold rating and boosted their target price for the company from GBX 840 ($11.05) to GBX 850 ($11.18) in a research report on Wednesday, February 5th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Antofagasta currently has a consensus rating of Hold and a consensus target price of GBX 898.21 ($11.82).
Shares of ANTO opened at GBX 864 ($11.37) on Tuesday. The stock has a market capitalization of $8.52 billion and a price-to-earnings ratio of 13.07. Antofagasta has a 1 year low of GBX 768.80 ($10.11) and a 1 year high of GBX 1,026 ($13.50). The business’s 50 day simple moving average is GBX 904.54 and its 200-day simple moving average is GBX 887.27. The company has a debt-to-equity ratio of 29.27, a current ratio of 2.31 and a quick ratio of 1.90.
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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