Deutsche Bank Reaffirms Hold Rating for Antofagasta (LON:ANTO)

Deutsche Bank reiterated their hold rating on shares of Antofagasta (LON:ANTO) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reissued an outperform rating and set a GBX 670 ($8.75) price target on shares of in a report on Friday, June 28th. Citigroup lifted their price target on Philip Morris International from $90.00 to $102.00 and gave the stock a buy rating in a report on Monday, March 25th. Liberum Capital reissued a buy rating and set a GBX 810 ($10.58) price target on shares of in a report on Wednesday, July 3rd. HSBC began coverage on Tullow Oil in a report on Tuesday, May 28th. They set a hold rating for the company. Finally, BNP Paribas raised Antofagasta from a neutral rating to an outperform rating in a report on Thursday, March 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 903.93 ($11.81).

ANTO opened at GBX 863 ($11.28) on Wednesday. Antofagasta has a 12-month low of GBX 713.20 ($9.32) and a 12-month high of GBX 1,026 ($13.41). The firm has a market capitalization of $8.51 billion and a PE ratio of 15.66. The company has a 50 day simple moving average of GBX 857.46. The company has a debt-to-equity ratio of 26.42, a quick ratio of 2.19 and a current ratio of 2.63.

Antofagasta Company Profile

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.

Recommended Story: Commodities

Analyst Recommendations for Antofagasta (LON:ANTO)

Receive News & Ratings for Antofagasta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antofagasta and related companies with's FREE daily email newsletter.