Antofagasta (LON:ANTO) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Monday,Digital Look reports. The brokerage currently has a GBX 2,125 ($27.00) target price on the mining company’s stock.

A number of other equities analysts also recently issued reports on the company. Citigroup lowered their price target on Antofagasta from GBX 2,800 ($35.58) to GBX 2,500 ($31.77) and set a “buy” rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Antofagasta from GBX 1,600 ($20.33) to GBX 2,400 ($30.50) and gave the company an “overweight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and a consensus price target of GBX 2,185 ($27.77).

Antofagasta Stock Up 2.7 %

Shares of LON ANTO opened at GBX 1,780.50 ($22.63) on Monday. Antofagasta has a 1 year low of GBX 1,567.50 ($19.92) and a 1 year high of GBX 2,425 ($30.82). The company has a market capitalization of £21.94 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The business has a 50-day moving average of GBX 1,721.45 and a two-hundred day moving average of GBX 1,767.51.

Antofagasta Company Profile

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.