Antofagasta (LON:ANTO) Stock Rating Reaffirmed by Canaccord Genuity Group

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 1,925 ($23.96) price objective on the mining company’s stock. Canaccord Genuity Group’s target price suggests a potential downside of 15.16% from the stock’s current price.

A number of other equities research analysts have also issued reports on ANTO. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,550 ($19.30) price target on shares of Antofagasta in a research note on Tuesday, February 20th. Bank of America restated a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research note on Tuesday, April 9th. Finally, Citigroup restated a “buy” rating and set a GBX 2,100 ($26.14) price target on shares of Antofagasta in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Antofagasta currently has a consensus rating of “Hold” and a consensus price target of GBX 1,619.38 ($20.16).

Antofagasta Stock Up 2.8 %

ANTO stock opened at GBX 2,269 ($28.25) on Wednesday. Antofagasta has a fifty-two week low of GBX 1,280 ($15.93) and a fifty-two week high of GBX 2,336 ($29.08). The business’s 50 day moving average price is GBX 1,915.48 and its two-hundred day moving average price is GBX 1,648.89. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The company has a market capitalization of £22.37 billion, a price-to-earnings ratio of 3,386.57, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12.

About Antofagasta

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.