Antofagasta (LON:ANTO) Given New GBX 2,500 Price Target at Citigroup

Antofagasta (LON:ANTO) had its target price lowered by Citigroup from GBX 2,800 ($35.49) to GBX 2,500 ($31.69) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the mining company’s stock.

A number of other equities analysts also recently commented on ANTO. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Antofagasta from GBX 2,100 ($26.62) to GBX 2,000 ($25.35) and set a “hold” rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Antofagasta currently has an average rating of “Hold” and a consensus price target of GBX 2,005.71 ($25.42).

Antofagasta Price Performance

ANTO stock opened at GBX 1,705 ($21.61) on Thursday. The stock has a 50-day moving average price of GBX 1,791.29 and a two-hundred day moving average price of GBX 1,921.73. The stock has a market cap of £16.81 billion, a PE ratio of 2,885.59, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84. Antofagasta has a 1 year low of GBX 1,538 ($19.50) and a 1 year high of GBX 2,425 ($30.74).

Antofagasta Company Profile

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.