Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 1,500 ($18.67) price target on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 33.33% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,550 ($19.30) price target on shares of Antofagasta in a report on Tuesday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,925 ($23.96) price target on shares of Antofagasta in a report on Wednesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a report on Tuesday, April 9th. Citigroup reaffirmed a “buy” rating and set a GBX 2,100 ($26.14) target price on shares of Antofagasta in a research report on Wednesday, January 31st. Finally, Bank of America restated a “buy” rating on shares of Antofagasta in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,648.33 ($20.52).

Antofagasta Stock Performance

LON ANTO opened at GBX 2,250 ($28.01) on Thursday. The business’s 50-day simple moving average is GBX 1,951.35 and its 200-day simple moving average is GBX 1,663.27. The firm has a market capitalization of £22.18 billion, a P/E ratio of 3,358.21, a P/E/G ratio of -1.08 and a beta of 1.12. Antofagasta has a 1-year low of GBX 1,280 ($15.93) and a 1-year high of GBX 2,336 ($29.08). The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.