Antofagasta’s (ANTO) Buy Rating Reaffirmed at Bank of America

Bank of America reissued their buy rating on shares of Antofagasta (LON:ANTO) in a research report report published on Wednesday, Marketbeat.com reports. The firm currently has a GBX 2,520 ($31.97) price target on the mining company’s stock.

A number of other analysts also recently issued reports on ANTO. Barclays decreased their price objective on shares of Antofagasta from GBX 1,725 ($21.88) to GBX 1,685 ($21.38) and set an underweight rating for the company in a report on Tuesday, May 7th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 1,700 ($21.57) target price on shares of Antofagasta in a research note on Thursday, April 18th. Canaccord Genuity Group downgraded shares of Antofagasta to a hold rating and lifted their target price for the stock from GBX 1,925 ($24.42) to GBX 2,065 ($26.20) in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a GBX 1,500 ($19.03) target price on shares of Antofagasta in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of GBX 1,815 ($23.02).

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 2,099 ($26.63) on Wednesday. The firm has a 50-day moving average of GBX 2,196.06 and a 200-day moving average of GBX 1,938.17. The company has a market cap of £20.69 billion, a P/E ratio of 3,150.75, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta has a one year low of GBX 1,280 ($16.24) and a one year high of GBX 2,425 ($30.76).

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.