Antofagasta’s (ANTO) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Antofagasta (LON:ANTO) in a research note released on Thursday morning, Marketbeat reports. The brokerage currently has a GBX 2,065 ($25.12) target price on the mining company’s stock.

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

Antofagasta Price Performance

Antofagasta stock opened at GBX 1,764 ($21.46) on Thursday. The business has a 50 day simple moving average of GBX 1,676.97 and a 200 day simple moving average of GBX 1,828.55. Antofagasta has a one year low of GBX 1,558.50 ($18.96) and a one year high of GBX 2,425 ($29.50). The company has a market capitalization of £17.39 billion, a PE ratio of 2,989.83, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78.

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.