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

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 2,125 ($27.00) price objective on the mining company’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 19.35% from the company’s previous close.

Several other research analysts have also issued reports on ANTO. Citigroup cut their price target on Antofagasta from GBX 2,800 ($35.58) to GBX 2,500 ($31.77) and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 1,600 ($20.33) to GBX 2,400 ($30.50) and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Antofagasta presently has a consensus rating of “Hold” and a consensus price target of GBX 2,185 ($27.77).

Antofagasta Price Performance

ANTO traded up GBX 47 ($0.60) on Monday, reaching GBX 1,780.50 ($22.63). The stock had a trading volume of 979,248 shares, compared to its average volume of 2,477,100. 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 firm has a 50-day moving average of GBX 1,721.45 and a 200-day moving average of GBX 1,767.51. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a fifty-two week low of GBX 1,567.50 ($19.92) and a fifty-two week high of GBX 2,425 ($30.82).

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.