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

Canaccord Genuity Group reiterated their buy rating on shares of Antofagasta (LON:ANTO) in a report published on Monday morning,Digital Look reports. They currently have a GBX 2,125 ($27.39) target price on the mining company’s stock.

Several other research firms have also weighed in on ANTO. JPMorgan Chase & Co. boosted their price objective on shares of Antofagasta from GBX 1,600 ($20.62) to GBX 2,400 ($30.94) and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Citigroup cut their price objective on shares of Antofagasta from GBX 2,800 ($36.09) to GBX 2,500 ($32.22) and set a “buy” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Antofagasta has an average rating of “Hold” and an average price target of GBX 2,185 ($28.16).

Antofagasta Stock Up 6.5 %

Shares of ANTO stock opened at GBX 1,820.50 ($23.47) on Monday. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1 year low of GBX 1,567.50 ($20.20) and a 1 year high of GBX 2,425 ($31.26). The firm’s fifty day moving average price is GBX 1,726.47 and its two-hundred day moving average price is GBX 1,766.75. The firm has a market capitalization of £22.43 billion, a P/E ratio of 29.35, a PEG 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.