Liberum Capital Upgrades Antofagasta (LON:ANTO) to “Buy”

Antofagasta (LON:ANTO) was upgraded by equities research analysts at Liberum Capital to a “buy” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a GBX 1,100 ($14.47) price target on the mining company’s stock, up from their prior price target of GBX 840 ($11.05). Liberum Capital’s target price would suggest a potential upside of 13.26% from the stock’s current price.

A number of other equities analysts have also recently weighed in on ANTO. UBS Group reissued a “sell” rating on shares of Antofagasta in a research report on Thursday, October 24th. Peel Hunt reissued a “hold” rating on shares of Antofagasta in a research report on Monday. Credit Suisse Group reissued an “underperform” rating and issued a GBX 810 ($10.66) price objective on shares of Antofagasta in a research report on Monday, November 25th. Barclays decreased their price objective on shares of Antofagasta from GBX 750 ($9.87) to GBX 700 ($9.21) and set an “underweight” rating for the company in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Antofagasta from GBX 730 ($9.60) to GBX 780 ($10.26) and gave the company an “underweight” rating in a research report on Tuesday, December 17th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Antofagasta currently has a consensus rating of “Hold” and an average price target of GBX 911.43 ($11.99).

LON:ANTO traded up GBX 1.40 ($0.02) on Tuesday, reaching GBX 971.20 ($12.78). The stock had a trading volume of 598,364 shares, compared to its average volume of 3,470,000. The company has a current ratio of 2.31, a quick ratio of 1.90 and a debt-to-equity ratio of 29.27. The company has a 50-day moving average of GBX 918.46 and a 200 day moving average of GBX 890.07. The stock has a market cap of $9.58 billion and a P/E ratio of 14.69. Antofagasta has a 12-month low of GBX 768.80 ($10.11) and a 12-month high of GBX 1,026 ($13.50).

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.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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