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

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a report released on Wednesday, Marketbeat Ratings reports. They presently have a GBX 1,925 ($23.96) price target on the mining company’s stock. Canaccord Genuity Group’s price objective suggests a potential downside of 14.97% from the stock’s current price.

ANTO has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Antofagasta in a report on Tuesday, April 9th. Bank of America restated a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,550 ($19.30) price objective on shares of Antofagasta in a report on Tuesday, February 20th. Finally, Citigroup reissued a “buy” rating and set a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Antofagasta currently has an average rating of “Hold” and an average target price of GBX 1,648.33 ($20.52).

Antofagasta Trading Down 0.2 %

Shares of Antofagasta stock opened at GBX 2,264 ($28.18) on Wednesday. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. Antofagasta has a 1 year low of GBX 1,280 ($15.93) and a 1 year high of GBX 2,336 ($29.08). The firm has a market cap of £22.32 billion, a PE ratio of 3,379.10, a PEG ratio of -1.08 and a beta of 1.12. The company has a 50 day simple moving average of GBX 1,939.19 and a two-hundred day simple moving average of GBX 1,657.47.

Antofagasta Company Profile

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.