Canaccord Genuity Group Reaffirms “Buy” Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 2,065 ($25.28) price objective on the mining company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 18.85% from the company’s current price.

Several other brokerages have also recently issued reports on ANTO. Citigroup lowered their target price on shares of Antofagasta from GBX 2,800 ($34.27) to GBX 2,500 ($30.60) and set a “buy” rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Antofagasta has an average rating of “Hold” and an average target price of GBX 2,013.13 ($24.64).

Antofagasta Stock Up 2.4 %

Shares of LON:ANTO traded up GBX 40.50 ($0.50) during trading hours on Thursday, reaching GBX 1,737.50 ($21.27). The stock had a trading volume of 113,349,867 shares, compared to its average volume of 16,808,865. Antofagasta has a 1 year low of GBX 1,538 ($18.82) and a 1 year high of GBX 2,425 ($29.68). The firm’s 50 day moving average is GBX 1,677.10 and its 200-day moving average is GBX 1,835.06. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The stock has a market capitalization of £17.13 billion, a price-to-earnings ratio of 2,944.92, a P/E/G 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.