Antofagasta (LON:ANTO) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Antofagasta (LON:ANTO) in a research note published on Monday,Digital Look reports. The brokerage currently has a GBX 2,125 ($27.00) target price on the mining company’s stock.

Several other equities analysts have also recently issued reports on the stock. Citigroup dropped their price objective on shares of Antofagasta from GBX 2,800 ($35.58) to GBX 2,500 ($31.77) and set a “buy” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Antofagasta from GBX 1,600 ($20.33) to GBX 2,400 ($30.50) and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,185 ($27.77).

Antofagasta Trading Up 2.7 %

Shares of ANTO stock opened at GBX 1,780.50 ($22.63) on Monday. The company has a market capitalization of £21.94 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The business’s 50 day moving average is GBX 1,721.45 and its two-hundred day moving average is GBX 1,767.51. Antofagasta has a twelve month low of GBX 1,567.50 ($19.92) and a twelve month high of GBX 2,425 ($30.82).

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.