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

Canaccord Genuity Group reiterated their buy rating on shares of Antofagasta (LON:ANTO) in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 2,065 ($25.27) target price on the mining company’s stock.

A number of other research analysts also recently commented on ANTO. Citigroup lowered their target price on Antofagasta from GBX 2,800 ($34.26) to GBX 2,500 ($30.59) and set a “buy” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Antofagasta currently has an average rating of “Hold” and a consensus target price of GBX 2,013.13 ($24.63).

Antofagasta Trading Up 3.3 %

Shares of LON:ANTO opened at GBX 1,795.50 ($21.97) on Thursday. The firm has a fifty day moving average of GBX 1,676.33 and a two-hundred day moving average of GBX 1,832.82. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. Antofagasta has a 12-month low of GBX 1,558.50 ($19.07) and a 12-month high of GBX 2,425 ($29.67). The firm has a market capitalization of £17.70 billion, a P/E ratio of 3,043.22, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

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.