Antofagasta (LON:ANTO) Lowered to Hold at Canaccord Genuity Group

Antofagasta (LON:ANTO) was downgraded by stock analysts at Canaccord Genuity Group to a “hold” rating in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 2,065 ($25.51) target price on the mining company’s stock, up from their previous target price of GBX 1,925 ($23.78). Canaccord Genuity Group’s target price points to a potential downside of 8.10% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,500 ($18.53) price objective on shares of Antofagasta in a research report on Thursday, April 18th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,550 ($19.15) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Citigroup reissued a “buy” rating and set a GBX 2,100 ($25.94) price target on shares of Antofagasta in a research report on Wednesday, January 31st. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,700 ($21.00) price target on shares of Antofagasta in a research report on Thursday, April 18th. Finally, Bank of America reissued a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 1,663.89 ($20.55).

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 2,247 ($27.75) on Friday. The company has a market cap of £22.15 billion, a P/E ratio of 3,353.83, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86. Antofagasta has a 52 week low of GBX 1,280 ($15.81) and a 52 week high of GBX 2,336 ($28.85). The business has a fifty day simple moving average of GBX 1,981.45 and a 200-day simple moving average of GBX 1,682.29.

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.