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

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

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

Antofagasta Stock Performance

ANTO opened at GBX 1,795.50 ($21.97) on Thursday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84. The stock’s 50 day moving average price is GBX 1,676.33 and its two-hundred day moving average price is GBX 1,832.82. 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 has a 12-month low of GBX 1,558.50 ($19.07) and a 12-month high of GBX 2,425 ($29.67).

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.