Barclays Cuts Antofagasta (LON:ANTO) Price Target to GBX 1,685

Antofagasta (LON:ANTO) had its price target reduced by equities research analysts at Barclays from GBX 1,725 ($21.67) to GBX 1,685 ($21.17) in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has an “underweight” rating on the mining company’s stock. Barclays‘s price target points to a potential downside of 23.34% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Citigroup reissued a “buy” rating and set a GBX 2,100 ($26.38) target price on shares of Antofagasta in a research note on Wednesday, January 31st. Canaccord Genuity Group cut shares of Antofagasta to a “hold” rating and upped their price objective for the company from GBX 1,925 ($24.18) to GBX 2,065 ($25.94) in a research note on Friday, April 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,700 ($21.36) price objective on shares of Antofagasta in a research note on Thursday, April 18th. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a research note on Thursday, April 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,550 ($19.47) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,710 ($21.48).

Antofagasta Price Performance

ANTO stock opened at GBX 2,198 ($27.61) on Tuesday. The stock has a market capitalization of £21.67 billion, a P/E ratio of 3,232.35, a P/E/G ratio of -1.08 and a beta of 1.14. The firm has a 50-day simple moving average of GBX 2,068.32 and a 200-day simple moving average of GBX 1,739.32. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86. Antofagasta has a 52 week low of GBX 1,280 ($16.08) and a 52 week high of GBX 2,336 ($29.35).

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. 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.