Citigroup Has Lowered Expectations for Antofagasta (LON:ANTO) Stock Price

Antofagasta (LON:ANTO) had its price objective decreased by stock analysts at Citigroup from GBX 2,800 ($35.34) to GBX 2,500 ($31.55) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the mining company’s stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Antofagasta in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Antofagasta from GBX 2,100 ($26.51) to GBX 2,000 ($25.24) and set a “hold” rating on the stock in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Antofagasta has a consensus rating of “Hold” and an average price target of GBX 2,005.71 ($25.32).

Antofagasta Stock Performance

The firm has a 50 day moving average price of GBX 1,791.29 and a 200 day moving average price of GBX 1,921.73. Antofagasta has a 12 month low of GBX 1,538 ($19.41) and a 12 month high of GBX 2,425 ($30.61). The stock has a market capitalization of £16.64 billion, a P/E 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 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.