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

Antofagasta (LON:ANTO) was downgraded by investment analysts at Canaccord Genuity Group to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 4,100 price target on the mining company’s stock, up from their prior price target of GBX 3,165. Canaccord Genuity Group’s price objective would suggest a potential upside of 6.72% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and lowered their price target for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Trading Down 0.7%

Shares of Antofagasta stock traded down GBX 26 during midday trading on Wednesday, reaching GBX 3,842. The company had a trading volume of 34,370,938 shares, compared to its average volume of 16,058,508. The stock has a fifty day moving average price of GBX 3,307 and a 200 day moving average price of GBX 2,724.72. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 4,176. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The firm has a market cap of £37.88 billion, a PE ratio of 34.71, 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.