Canaccord Genuity Group Reiterates “Buy” Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 2,065 ($25.12) price target on the mining company’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 17.06% from the company’s current price.

ANTO has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Citigroup dropped their target price on Antofagasta from GBX 2,800 ($34.07) to GBX 2,500 ($30.42) and set a “buy” rating on the stock in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 2,013.13 ($24.49).

Antofagasta Stock Up 1.5 %

LON:ANTO opened at GBX 1,764 ($21.46) on Thursday. The company’s 50-day simple moving average is GBX 1,676.97 and its 200-day simple moving average is GBX 1,830.15. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a fifty-two week low of GBX 1,558.50 ($18.96) and a fifty-two week high of GBX 2,425 ($29.50). The stock has a market capitalization of £17.39 billion, a P/E ratio of 2,989.83, a P/E/G ratio of -1.08 and a beta of 1.00.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.